I have been "putting their money where 'their' mouth is", to use your terminology MTV, with this company for the last 18 years or so.
This current SPP has been woefully constructed for shareholders, particularly the long termers, but I've seen a few of them in my time from this mob.
I have absolutely no concern, or care, whatsoever with the dilution of this cap raise and I have very deliberately not participated.
They currently aren't worth my hard earned.
BLG are going to have to generate 'significant' revenue 'soon' (...a date that doesn't appear in any calendar by the way.....!!!!
) in order to churn through all the share sales that will inevitably occur subsequently to this issue. Along with the oppies 'factor' of this raise, the company will have serious heat on it to deliver, or at least should have - and in that particular regard they are going to have to break well and truly with tradition.
It's going to be a long road back for the SP, before anyone makes serious coin from this mob.
Sadly, my shares have been in the bottom draw for many years - and there they shall stay for many years to come. It will take at least that long, and a lot of luck, for me to get my investment back - I am no longer prepared to throw good $$$ after bad.
Maybe my grandkids might see something.....????
GLTAH.
(20min delay)