Resident cynic Asteroider made a valid point on another thread.
He said:
"There are dozens of 'app' companies with market caps larger than BLG's and they only spent a few hundred thousand and a couple of weeks writing their apps.
Begs the question why the market cap of this has been so small for so long given the patents and investment to date"
I have a few answers for that.
The main one is that, despite the tech boom since mid 2013, BLG has remained almost entirely undiscovered by traders and investors - one of the very few.
Ive been watching BLG since the start of the tech boom, waiting for the best time to enter, and of course reading every Daytrade and STT thread during that time.
Until last Friday, over the last 18 months, BLG did not have one single mention on any high view Hotcopper thread.
Every other tech stock was gradually uncovered by the masses and had a large price and volume spike... PSY being the obvious example, but look at all the others and there is a similar pattern - SMA, MBE, MKB, MNW, even the kennel dwellers like BPG, ESN (now KNM), MOT and countless others.
A stock can be as amazing and as undervalued as it likes, but if nobody knows about it, there is no demand, and the price will stay low.
I think the main reason BLG stayed undiscovered is because of its name - BluGlass sounds like a an industrial glass manufacturer or windscreen repairer or something mundane.
If BluGlass was called "Semiconductor Technologies", which describes it far more accurately and identifiably, there would have been many more eyeballs on the company and I highly doubt it would be trading below 15c.
The second reason its stayed undervalued is the overuse of technical jargon in company announcements and on the company website - the tech is actually quite simple to understand, but certainly not in the way it is presented corporately.
Too many obscure acronyms like p-GaN and MOCDV, without simplified accompanying explanations for the investing public.
I'll get to simplifying and explaining the technology in another post later this morning.
A third reason is that the stock has been in a technical downtrend during the entire tech boom - until a few weeks ago.
The fourth reason is that most jsut do not understand what LED lights actually are, ad why they are such a big deal.
LED's stand for Light Emitting Diodes, and are actually, first and foremost, semiconductors.
These particular semiconductors just happen to have the amazing ability to convert raw electricity into light.
The semi-conducting properties of LED's also hold the potential for lighting fast data transmission.
Imagine a world where every light source is an internet connection, where data can be transmitted at rates of 10 gigabits per second, with the additional benefit of being virtually impervious to data hacking and other cyber attacks.
To be continued...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $3.303K | 342.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 3315606 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1475197 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2815606 | 0.009 |
28 | 9421439 | 0.008 |
8 | 1964285 | 0.007 |
3 | 1100166 | 0.006 |
6 | 2340000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1475197 | 4 |
0.011 | 8367081 | 11 |
0.012 | 6421717 | 7 |
0.013 | 329558 | 2 |
0.014 | 820095 | 4 |
Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
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