A couple of things:
I, for one, don't want a takeover, as this company only needs a little luck to be $2 plus, and you won't get that from a takeover. The blocking stake is actually a good thing.
Secondly, the last few announcements are actual results, rather than plans and promises, so the institutions will start taking notice. They do, however, take time to process the info, authorise the allocation of funds, and to execute, so give it 1 - 2 weeks, and there will be some serious long term money flowing into BUL.
Be patient, and enjoy the ride over the next year.
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