BUL 7.14% 5.2¢ blue energy limited

Hello 4's, page-5

  1. 170 Posts.
    lightbulb Created with Sketch. 14

    The cards are starting to stack against BUL.


    As of today we've probably got about $1.8 Mil in the bank.


    I think last time we did a placement we had about $2Mil in the bank and got $2Mil. The difference being that was at 15c a share, now we'd get about 5c a share now... Credit to BUL's cost cutting but it can only get us so far, sitting and waiting isn't working - what's the best case scenario? they can find another investor at 5c and dilute our holdings even more, the year after they find an investor at 2 cents?


    Last edited by el tigre: 13/12/18
 
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