bright future for bgt

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silverfern - Thu, 28 Dec 06 :

Time to money indicates there may be a rights issue; use of the ASIC patented chip is their only value add from what I have read and is likely to mean very limited royalties. Now, on that basis, and given the timnelines available for competitors to develop comparable chips, where is the money? I agree this is a share you can ramp and make money from out of suckers who will sit for a year waiting and hoping, but to restate earlier posts, this company was not set up to sell ASIC technologies, it was set up to sell Bubble and that very, very failed.

So, a company failed at selling one product, saw a spin-off way too late, and is now flogging it as a core business. It can happen but any buyer at this level should realise that there will be many opportunities for the company between now and the 'revenue' this time next year to a) f'ck up and b) more postively consolidate the business plan which has for the most part of this year been skin of the teeth. MOre clarity on direction, funding and revenue stream is needed. They did not plan this business and they are not set up to deliver it; I think this is nothing and will not be buying. Just MHO.


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