I think the most illuminating statement from Chairman Walker was that the defence contracts were larger but long gestation period to snag whilst the quantum / medical ones were smaller but quicker to generate as those products were in the R&D phase of their development (i.e. commercial production of those products incorporating BLG lasers being years away).
This was my point in criticising James Walker and the board....
The Chairman has presided and watched the inevitable / irrevocable SP decline and the board decided too late to raise the working capital they knew 18 months ago that they would need to keep the company going whilst long generative revenue opportunities took shape.
Then 5 minutes before disaster (and far too late) they press the panic button raising a sh8tload at a lowball SP resulting in a huge dilution of existing shareholders holdings.
Absolutely disgraceful imho.
BLG Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held
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