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Hi Simla, looks like the Blis bug has caught us both.
I have been a Blis shareholder for a few years now and so far have made
a substantial loss.
However I am still extremely confident about the company, my main worry is the timeframe and share price.
I think eventualy they will get the International sales, then maybe then they will do a capital raising.
All the while I expect alot of investors to bail out once the share price increases a little bit.
I think we might see some action before 31/3/2009 that is when the agreement expires
with Edinburgh expires.
The directors, John Tagg and Barry Richardson all have alot of money invested in Blis which is great.
Barry Richardson even though the International sales havent yet happened is doing a great job. He has done alot of the ground work to grow the company.
He is after the big fish which will grow the company sales significantly.
Unfortunatley big fish can take a while to catch.
I find it interesting that they are looking into other production in India and USA,
I think i remember reading that the existing facility Alaron has capacity for 2 million units.
Hopefuly the economy dosent stop sales in USA to much.
I cant but think they must be onto something otherwise they would have given in and gone after the "little fish"
I constantly look at NZX releases and do google searches hoping for some exiting news releases.
Hopefuly there is something to smile about in the half year report.
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Thanks, TheOne. I had a go at the maths, but you picked up the psychological situation very nicely. Yes, I think we are all sitting on losses, of course. I am pleased to hear you are "extremely confident", as this situation sure challenges the spirits sometimes! Good point that the underwriting provisions are there because they expect to use them, but I did not read it that that part of the deal expired in March, just the share issue. Thanks for the chipping in.
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Hi all
I continue to watch BLT with interest. Like everyone else it has been a costly exercise so far.
The product is 100% the goods (for bad breath at least). For that reason I am still in but did sell half my shares at 6 cents not so long ago (to purchase PRC)
I have had a few emails with Barry, and I for one think that he gives us a real chance of success.
Good luck!
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Seems like we're going to ride this one out then. With a category 5 financial hurricane outside, I guess that just leaves us to hold on to our hats pretty hard. As you say, Chippie, good luck to us all!
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I sold out of this dog a long time ago....but here is something for the eternally hopeful:
http://www.naturalproductsinsider.co...with-blis.html
Excerpt: "“This is a significant opportunity for us to expand our business around a product with both an exceptional safety profile and excellent record of clinical validation for its effectiveness in preventing many common infections of the upper airways and oral cavity,” said Laurent Leduc, vice president USA Health Division, Frutarom USA. “The great thing about BLIS K12 is that it has no peers in the market. This product is unique and with the patents around it, it will likely remain that way for a long time”
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Thanks Kent, kind of you. You've obviously made more money than the rest of us so far by your selling out!
"... to take on responsibility for all North American sales and marketing, warehousing and distribution activities for the BLIS K12 probiotic". So does this mean they are selling the Blis bottles as well, or just the additives, which seems to be their business. No doubt hear more from Blis later.
Blis has so many deals on the table now that it is hard to see how the money cannot flow. Yet so far we have not heard that it is doing that. Blis is such a unique company, it is hard to think of any precedent to predict where it is going, let alone a precedent in the current financial turmoil as well.
http://www.nutritionaloutlook.com/news.php?newsID=166 ' “Frutarom is a very proactive company and have already secured orders for BLIS K12, even before the ink was dry…(the merger) represents further expansion of our commercial development for BLIS Technologies and it builds on our existing research relationships with Nestle Nutrition in Switzerland,” said Barry Richardson, chief executive of BLIS Technologies Ltd.' I sure hope Blis confirms these 'secured orders' in an announcement in NZ.
Also http://www.supplysideshow.com/west/8...troducing.html - a joint talk by Frutarom and Blis at the SupplySide West mentioned.
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All positive news.
Kent, I appreciate you sharing the press releases. You obvioulsy cast your net wide and far to get information.
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So now we have:
1. Frutarom, a global neutraceuticals/food distributor operating into the US, who apparently has "already secured orders" and will launch "in Europe and Asia in early 2009" (Blis statement yesterday), and is "among the ten leading companies in the world, in the field of flavors & fragrances", and has "more than 10,000 customers in 120 countries, has 25 R&D labs and 45 sales and marketing offices throughout the world and operates 18 production facilities in Europe, North America, Israel and Asia. Frutarom employs 1,500 employees worldwide", according to their website.
2. Whelehan Group, an Irish distributor with 1300 chemists who has taken a first shipment, with winter coming, and is "one of the largest value-added sales and marketing organisations in Ireland" according to their website.
3. Breezecare, which was expanding strongly last year and won an award in 2006 "for achieving outstanding commercial success and sustainable growth", and 2008 "Hottest Start-up Company" (Breezecare website).
4. Pharmabroker in NZ, where "sales in NZ have increased in unit volume" (2008 Blis report).
5. Nestle looking at infant formula for about a year and a half now, and presumably liking what they see since they have not walked away.
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A bit more detail in this ODT article: http://www.odt.co.nz/news/business/2...biotic-product
- "it's Big"
- "It really sets us up."
- "a "significant" increase in sales over the next few months."
It all sounds good, but I'd love to see some numbers.