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18.5¢ blue sky alternative investments limited

Good to see Directors covering shorts. $14 report was from Shaw,...

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RAllen50

929 Posts.

36

06/04/18

12:44

Post #: 32271079
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Originally posted by Ausbert ↑

Again some points to consider:
1. no debt.
2. over $100 million in cash
3. directors are buying ( 3 notices are out just today)
4. the latest broker report targets $14 in 12 month.
5. a large number of shorts is going to be covered.
6. Company reconfirmed guidance.

All this means, price should not go down from this level. Still I expect to close near $6.

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Good to see Directors covering shorts.

$14 report was from Shaw, a paid advisor to BLA. Also responsible for the $11 raise.

Company guidance is tainted. Their complete business model and valuation model is compromised.

We'll see how long the $100m lasts.

BLA Price at posting: $5.31 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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