Hardware Tech 3 Bagger with Revenue, page-340

I have discussed the BLG tech with people that actually understand it. They dismiss the incremental improvements, and point to other (MOCVD alternative) technologies that are way in front of BLG. I think that the early promises of imminent commercialisation did hurt the long term reputation of the company.

The current announcement regarding the new director is simply spin. BLG keep dressing the same player in different clothes; SPT have been associated with the company for years, and I don't think they have had much to offer. Why do they need another director on the board, especially one with no financial interest?

Comments regarding the technology "going nowhere" are a result of continually shifted goals. Anyone with R&D experience will recognise the warning signs when a company keeps latching on to the next best thing, rather than following through on the current research. Never forget that BLG told investors during the IPO that they were already able to grow LEDs on glass. This is the lie that we bought into. It's very hard to come back from that.