So true guys,Close friends of minehad decided to upmarket into a...

So true guys,

Close friends of minehad decided to upmarket into a unit and put their existing home up for sale.They had paid their deposit and secured a bridging loan. They had an idea ofwhat their house was worth and calculated what they needed from the sale to befinancially comfortable, so they set the price at that.

Two mortgages to payoff now, and financially not in a strong position. They had an offer which was wellbelow the price they wanted. They said the offer was an insult and let itlapse.

A year later, insevere financial distress they finally sold the house for less than the insult.

They learnt the hardway, that when selling anything, it’s only worth what someone is prepared topay for it.

Sound familiar?

I don’t like to offeradvice in an area where I am an outsider, so I just pose the following questionsto BLG management:

· Do youguys know what each part of our technology is really worth, and are we in astrong enough financial position to wait for the best possible offer, if indeedthere is ever going to be one?

· Inaccepting Lumlieds offer, would we have sold out the farm or would we stillhave more left that we could sell to others.

· The technologyis moving so fast in this area that there is always the risk of RPCVD becomingobsolete overnight. How do you guys sleep at night?

Cheers all