I do not mind a raise at this time ....we are probably 12-24 months from a commercial agreement and revenues with Bayer and hopefully others.
As I wrote a few weeks back over the last month the trading seemed to indicate IMHO a professional and patient attempt to weaken lose hands and accumulate which I believe given how tightly BGT stock is held has been largely unsuccessful
What will be interesting will be
- how much is raised
- who is the investor / investors are
- what is the discount (if any) may even be a premium.
Yes BGT said sufficient funds for the next 12 months about 6 weeks ago, however if some institutional investors came along to the BGT board and ask to invest and purchase 10-15% of BGT at this stage then cash on hand is one less think to worry about and is a huge vote of confidence in the company. Especially if they can say that they believe this cash raise will see us through to commercialization which I believe it will
Lets see the details ...it could be the start of what I believe should be a great and well deserved rerate for BGT....Lets hope so
GLTA Thai
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.07M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14794 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 48812 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14794 | 0.052 |
1 | 72600 | 0.051 |
2 | 30093 | 0.048 |
1 | 112000 | 0.045 |
1 | 596 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 48812 | 1 |
0.060 | 100000 | 1 |
0.067 | 10761 | 1 |
0.070 | 57400 | 1 |
0.073 | 8685 | 1 |
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