I’m pleased this is happening now. Certainty in uncertain times is a good thing. This capital raise will hopefully provide long term holders another opportunity to get inexpensive shares perhaps with options to get more down the track at a time when the business is primed to outperform and grow revenues. Will there be indigestion? Of course there will and that will present us with more opportunities to pick up cheaper shares. Companies float on the ASX in order to access capital and that’s what BluGlass is doing. We need it for working capital until our revenues from new products grow enough to sustain us well into the future. GaN is the new normal and it’s only a matter of time before OEMs move to GaN en mass. BluGlass is incredibly well positioned to capitalise on this emerging trend. BluGlass is one of a handful of fully integrated suppliers in this industry with a wide moat making it very costly and time consuming for new entrants. We are in a great position.
BLG Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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