we want options, page-15

Despite all the plaudits about the benefits of attracting US money I still maintain that they wouldn't necessarily be getting the opportunity if it hadn't been for us long-time investors keeping BLT viable in its early years.

I'm not objecting to the Stage 1 placement - wouldn't make any difference if I did as it was well and truly done and dusted behind closed doors!

However, I strongly feel that the Stage 2 placement should not be private and I will be voting against it. At the least we should be offered a chance to acquire options.

There is no doubt at all that Stage 2 would be very heavily oversubscibed if offered to existing shareholders. BTW Does anyone have a list of the top 10 shareholders?

I suggest we stop being seduced by the price surge and request that management act in our interests as the true supporters of BLT.