If you take the current situation into consideration. BLT have...

If you take the current situation into consideration. BLT have roughly $AUD23 million left. So with the market cap 4 times that, I can only assume that with the addition of $AUD95 million, the market cap will be at least 3 times total cash backing of $AUD118 million. After raising (assuming the $USA70million) the additional funds, and 230 million shares on issue, this gives BLT AUD51cents in cash backing alone. I would expect at least 3 times cash backing (which is conservative considering our pipeline and excellent cash buffer) or $AUD 1.53 minimum BLT post NASDAQ listing.

Off course, anything can happen in the meantime. But, I think the current price is a bargain and will start to rise. Whoever is keeping the price down has backed off a little. Probably because they know the whole thing will fall over if the price is too low. Peter French will not accept anything below a fair price imo.