The problem you've (BLR) have got is that BLR cannot continue after a No vote unless there is a contingency plan as the company cannot continue to trade whilst it is illiquid. Look at the last quarterly & add another $450k immediately payable along with short term liabilities payable.
I don't disagree re your comments re management, however the day will NEVER come that they see the inside of a court house for their conduct.
BLR have either been out manoeuvered or have snookered themselves, either way yes gives you (albeit not the reason you invested in BLR) to live a little longer in the hope that Glaiser & his team can do what BLR couldn't.
Had the BLR takeover announcement read differently (instead of being pleased to announce) etc, where is the...WUC is taking advantage of market conditions, we are just about permitted, ablation is functioning..Recommend a No vote & we will immediately do a capital raising to get XYZ completed"".........alas handed on a platter with barely a raising of eye brow from shareholders...but what can you do?
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
