While it is easy to get swept up in the price surge that may well not be happening if it hadn’t been for us long-time investors that bought and held shares when no-one else was interested. Our investment enabled the business to maintain financial credibility.
I am in agreement with the argument presented in several posts that the private placement, albeit on extremely favourable terms, provides institutional support for the technology and the company itself.
But what about us – As stated Stage 1 places 14.7m shares and 6.6 options with the institutions without share holder approval…. So that’s done and dusted.
Stage 2 will supposedly only proceed with shareholder approval – well, there will be an absolute minimum of 14.7 millions YES votes – guaranteed!
Is there any way we can collectively muster enough influence to get Stage 2 converted to an offer to us shareholders. Does anyone have any ideas?
BLT Price at posting:
$1.85 Sentiment: Buy Disclosure: Held