no assest-no partners-low revenues
###and i personally would have been happier if the Monoc deal was never announced until it was completed.###
Yes, but how else could they get the options over the line ;-)
The last capital raising was at 22.5c when the shareprice was trading at 32c......and BQT got a slap on the wrist because they "issued the Shares without disclosure to investors under Part 6D.2 of the Act".
I said then that this is NOT the act of a company that has a big contract in the bag.
Given that BQT has now removed the Monoco announcement from their website and Yak is giving you the "heads up" at what price do you think the next capital raising will be at ?
More often then not, the more objective views come from those that are not holding the stock, Genner has a vested interest in BQT.......so do you think he'll say anything negative ?
We will see how these latest sales convert to the bottom line in the Q1 report........my guess is much of the same from previous quarters. In most cases BQT are announcing contracts that wouldn't pay 4 weeks wages for one of their employees.........previous quarterly reports confirm this.
The chart is now sitting on it's long term support line of 24c and the stock is valued at $43 million..........if it turns out that the Monoco deal has fallen through, it will hit a value of around $6 million or in shareprice terms 3.4c IMHO BQT has not managed to secure a major shareholder after announcing this major deal nearly 4 months ago.
Anyone can sell a few smart cards when the stock market is giving your business millions of dollars to support a staff of 47 people, but if they don't produce positive results soon, they will be valued a more realistic price. No assests, No partners and virtually No revenues after years of beating their drum is a true reflection of their worth IMHO.
BQT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
