That was then, but have shareholders noticed that time has actually moved on?
The small shareholders plan rather changes the game. Have people noticed though?
Blis announces another issue is coming and, lo, the share price drifts down. Great chance for the next issue buyers to get in cheap, right? Who's kidding who though?
There's only a couple of hundred shareholders with over 500,000 shares ... and that's about the number who took part in the last issue.
But if all the large holders are going to take part, then only about 30% of the shares will belong to people who won't take part? Which seriously limits any profit to be made out of the next issue being at a low price, doesn't it? But it sure handicaps the company, having the share price down there.
Isn't it time shareholders showed a little more depth and started actually supporting the company instead of laughing at the share price? It's not hurting anyone now except the existing shareholders, who are now all sitting together in the same boat for the most part.
I'm not saying anyone is doing this deliberately, but I do think shareholders don't mind watching it happen. But it looks like own-goal to me.