Just shows how the perpetrators of "alternative finance" are bad news - best to keep them off the share register. Very painful for SPPT but also impacts the rest of us; Lanstead however walk away with the prize; I guess the only advantage s that they will not figure greatly on the new share register but could still buy up the shortfall at 2 cents to up to 19.99% and put a cap on any potential rise so they pay little for the balance of SPPT shares under their "sharing agreement". Hoping the RI (and government help/part salaries as shares) will sustain BLG to EoY and we then get new shareholders on board (hopefully a "collaborator") who have an interest in the company's success. Can's see this capital raising keeping BLG going till it's cash flow +ve will need another CR next year but that could be a placement to a "collaborator" (hopefully not a Lanstead or similar) and/or debt particularly or a convertible note (they are poison).
BLG Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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