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Dragon will fly, page-81

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J8

14,593 Posts.

831

30/12/15

11:38

Post #: 16700534
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Originally posted by doctorwho2 ↑

Hello Daynos

"BLT may well require additional cash in 2016."

I think you may be right. With the last two placements at a 40% discount to the then SP, and with the current sustained downtrend, there is potential for massive dilution of current shareholders unless a rabbit can be pulled from the hat pretty soon.

Now is the time for BLT to husband its cash resources and given that most of the current work is outsourced, it seems to be well overstaffed; some of whom have a history of poor performance. For the current CEO to say that no overhaul is needed seems to be a recipe for disaster unless he knows something we don't. Based on the publically available data, more than every now BLT needs an overhaul, Get rid of the dead wood, positions that are not needed, bring Dr Sushi more to the front - he at least is performing exceptionally well, West go back to bean counting.

Maxine, Hoyland BLT and its shareholders need you.

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Doctorwho2
The $30m cap raise was organised when the price was $1.07 it was not done at a discount.
Sure, it flew to $1.40 on ridiculous nothings on the Monday.

Nobody complained about the manipulation then and it was much more blatant.

Last edited by J8: 30/12/15

BLT Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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