Given the statements made at the AGM, it seems that BLG may be gearing up to shift the goalposts again. Money spent on contract foundry operations/equipment may be called "revenue" by the company, but I'd bet that the built-up cost will not be covered by the invoice. A bit of research indicates that there are a number of large, well established players offering GaN foundry services throughout the US, Asia and Europe. What do BLG offer that is better than these players? BLG needs focus. They have a track record of distracting themselves with side projects, when the shareholders want results on the main tech. We invested in an equipment manufacturer, not a contract service provider.
Given the current cash position, I estimate less than 12 months of operations remain, so they should focus on the core tech. My prediction is a flurry of "positive" announcements followed by a CR. My question surrounding Bluesolar progress remains unanswered. From the photos, there also seems to be quite a large team of people there now, but not a lot of progress (until the usual pump before AGM).
BLG Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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