Well the BLA water fund would probably either be sold to another alternative investment group or be wound up - If / When BLA runs out of money.
The most consistent theme here and the reason the share price is where it is - they had negative operating expenditure of 30+ million for the last 6 months are are almost out of cash (ie, gross income - operating costs = negative 30 million).
The share price is where it is, because they are not profitable and you cannot attribute that to market sentiment / Glaucus.
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