Despite the enthusiasm from some quarters it remains a fact that the drop in SP is a signal that the market is not buying the story. There will be those that pump and dump, short, etc, however, it is clear the current regime are either poorly advised or naive. The info supplied thus far has been always upbeat, however, the lack of information, timing of the listing, the change in volumes, prices, etc, have dented the confidence of a lot of investors. I for one will maintain for the short term to see how the NASDAQ performs once the dust has settled. Unfortunately the management have now put all their eggs in the NASDAQ basket and that will decide the companies fate from here on in. This reminds me of TIS (yes i believed all the crap) which was truly a diabolical state of affairs. Upbeat info from TIS management, a capital raising, talk of Nasdaq, then BANG it all ends in tears. Good tech means nothing if you cannot get it to market and for that you need solid, open and honest management and investors. The management of TIS where also Dr this and Dr that, however, the best education in the world counts for nothing when hubris is rightfully punished by the market gods.
The BLT current management look like a decent enough bunch, however, having a Phd merely means you know a lot about a little. At this point in time, the company needs a sales person not an academic running it.
To paraphrase some of Calvin Coolidge's little gems: "unrewarded genius is almost a proverb." "the world is full of educated derelicts"
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