Nobody could accuse Barry of rushing into print! It is now almost 8 weeks since Blis announced they would do a rights issue. Presumably the underwriters have not pulled out, since they coughed up cash just before Christmas. So either Blis are very busy, or waiting for good news to ice the cake with, or perhaps making sufficient money that they are deciding just how much cash they need. Or bad news possibly, which does not seem especially likely given the activity. Or maybe just having a well deserved holiday, of course.
Certainly the market is expectant of news. There have been very few offers to buy or sell. Only about 100,000 have sold this year. And offers to buy at least 100,000 at 5 cents are not getting any takers just now. Good news or bad, I get the feeling the price will react quite strongly either way, so I hope the news is at least clear.