Current negative sentiment is keeping investors away from BlueSky fund and there are couple of ways management can improve investor confidence. I know it is short term issue but still management needs to do one or two points below to restore market confidence.
- Board should agree to get salary in form of BLA share instead of cash for 12 months
- Each Board member should buy at least $50K share on market
- Announce none of board member will sell their BLA share for next 12 months
- Announce some buy back with current cash reserve
- Spend $10M on independent valuer to revalue all their assets
If management does any 2 from above list then market will have confidence in board, shorts will get squeeze and BLA share price will fly.. I bought at $5 thinking it is bargain. I am not selling as i think it is short term issue.. For long term price will be much higher i guess...
BLA Price at posting:
$3.63 Sentiment: Hold Disclosure: Held
