I don't particularly want to stick my neck out, but Giles did...

I don't particularly want to stick my neck out, but Giles did say the Lumileds negotiations should proceed quickly one way or another and they did.

I would expect the deal Lumileds was willing to sign up to was the not in BLG shareholders best interest. Perhaps the SP would be where it is now, if what Lumileds was willing to pay was known! Giles has recently stressed that he does not want to give away the technology (perhaps alluding to Lumileds' offer) . Previous capital raisings have included a runway buffer to ensure the company was will funded through any protracted negotiations. We are now taking a different strategy, where we are no long putting the company's fate in the hands of Lumileds.

If a deal with Lumileds were struck, it would be at a discount given, no production scale RPCVD machine exists (i.e. risk discount). With a bit of luck a machine will exist later this year, but there will still need to be some time needed to demonstrate production scaling. Once production grade machines exist and there performance meets/exceeds expectations of the industry, someone is bound to jump on board.

There is currently no reason why Lumileds needs to sign up to a deal that is in BLG shareholders best interest. If I were Lumileds and I was reading these threads, I would definitely let the pressure for a deal at any cost build.

We are where we are. These are frustrating/challenging times, but the market opportunity for RPCVD is broader than ever and my up-side target SP is higher than ever. I hope the opening builds some interest in BLG because, at the moment, they are under the radar for investors. It is time to broaden the investor pool so when more capital is required, fresh pockets can help out.

I'll now pull my head in.