The current SP is not the real low that came in at 2c with the...

The current SP is not the real low that came in at 2c with the CR on 24/3/2020 (see HERE) when BLG were in a real mess due to the SP being forced down by Lanstead Capital (the SP fell from 13c (on 20/6/2020) to 2c (on 3/4/2020) and Lumileds pulled the rug from under BLG (by patenting the BLG stacked LED IP - thankfully they were refused stacked LEDS using RPCVD) - the net result was the Giles Osborne (CEO) went, the company changed direction to GaN lasers and James Walker took the reins. At this time the cash got down to A$1.3m, the company had to borrow on its R&D rebate and the staff had to accept shares in lieu of cash - far worse than current (with revenue of A$10.1m/yr & 5.6m) and far great assets (i.e the FAB). IMO a turn around in SP is likely once (and if) new revenue sources are identified (i.e CLAWS etc) - could be bargain at current prices but DYOR