Hi TTB I also rang the MD today to get a sense of what is going...

Hi TTB

I also rang the MD today to get a sense of what is going on.
I concur with your appraisal of the situation TTB.

If I'm being honest I rang him to really see if the company was about to fold. After yesterdays slide what is one to expect?

From my discussions I felt that this is not the case.

Out of all the partnerships the Genea Biomedx one is the most progressed, which I was surprised at, however much was going on in the background last year that did not get a mention. Some of the other continue to progress but the MD acknowledged the challenges.

I asked about the continual cap raising and he did mention to me that he wanted the milestone payments and payment on inventory to be cash flow positive. Andrew intimated that the payment for inventory (readers and chips, etc) would be in successive stages in the near future, which I read to be sometime May-Aug. (IMO only) Also no surprises I didn't get any bites when i asked about milestone payment value of costs associated with inventory. Lets hope it makes happy reading when this is announced.

So I expect some short term pain on the SP while people look at their situations on being able to hold and decide whether to sell or indeed hang in there and await progress which we all know has been unbelievably slow.

All I can say is that I can wait if I think there is a better than reasonable chance that this partnership will bare fruit and put Bluechiip into a better position to leverage off this partnership with proven technology.

Hope that helps anyone who is thinking of dumping their stock...

Weigh up if you are prepared to wait and see if they can finally deliver.

I must admit I was ready to dump yesterday when fear set in as well as exasperation at just how low the SP fell and has fallen.

Anyway GLTA

Not pleasant seeing your hard earned diminish day by day and week by week.

See how it pans out over the next few months.

Cheers Fargo