In my opinion... The ball now is in the court of the top 10 or so holders of stock by volume!
Only they have the voting power to force a confident EGM to spill the board. There are several HC contributors I would support for interim board positions. Freeze operations and conduct a strategic review of the business, following which a new suitably experienced Chairman, Board and Senior Management will be nominated.
The time now is for action... before this inadequate and inexperienced Board wastes the current cash reserves and any prospect of BLT surviving!
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