I say this respectfully. How does your points 1 and 2 have anything to do with why BLR is still trading around ,3? None of them have influence on the BLR share price.
The issue here us there are 3 billion BLR shares available to trade and this wave of micro liquidity needs to dry. In absolute dollar terms, the daily trade is not large. But this is another reason why less shares in issue see better than more shares.
Cait
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held