Looking at the big picture.
Regarding SP and future earnings etc. has anyone wondered why the recent rights conversion was set at between 25:1 and 100:1 per convertible share?
For a business that appears to have been turned around from a one-product company to one with multiple K12 products, and with K17 in the background as a potential follow-up development area, it has made me wonder.
If there's a share split I expect the conversion to be pro rata so why did BLT write in 100:1 at all? Disaster position maybe?
The other question is the manufacturing and inventory. Presumably BLT has followed through on the USA/India location idea, but inventory holding and distribution ties up heaps of capital even with good JIT management ...so where's that money coming from? Trade credit? ...ummm. Maybe.
There are still a few questions lingering. Maybe we will get answers next week as I expect Barry will make a 'current good news' announcement just before the Annual Meeting.