++ data and comment: update ++

Study: Post 1

Financials and shares:

Cash: $3.12 mill. on 28 Aug.

Shares: 60.88 mill. (0.55 mill. in escrow)

Options:
7 mill to pay 50 cents on 31/12/03 or a total of $3.5 mill.

0.2 mill +10 mill to pay $1 on 31/12/04 or $ 10.2 mill.
2 mill to pay 50 cents on 31/12/04 or a total of $1 mil.

4.75 mill options to pay $8.062 mill on 31/12/05


0.625 mill to pay $1 on 28 July 2009 , total $0.625 mill.
0.935 mill. to pay 50 cents on 28 July 2009, tot. $0.468 mill.

There is also income to come from:

Worldwide exclusive license to PROMEGA:
http://stocknessmonster.com/news-item?S=BLT&E=ASX&N=292852

+++++++++++++++++++++++++++
Totals:
Shares and options:

Shares: 60.88 mill. (0.55 mill. in escrow)

Options: 23.95 mill to convert on/ before 31/12/2005
1.56 mill to convert on/before 28 July 2009.

Subject to audit.

Gerry Stolwyk
Please do your own research and you decide if and when to buy, hold or sell any stocks.