There is no incentive to take up this rights issue, if they were serious about raising Capitol they would have made the offer at a more respectable price .
To lock your funds into a price , that it is trading at now $0.165 does not make sense , if I wanted to increase my holding I would just buy on the market, and with a week or so of trading BLYR left it is unlikely many will be taken up , if any.
I see this as another poor management decision, putting this business in a dire Financal position.
I do hope they can turn the company around, reduce the debt and concentrate on their core business.. Drilling
Add to My Watchlist
What is My Watchlist?