1. Most Discussed
  2. Gainers & Losers
BCT 4.2¢

Micronic/Bluechiip product launch SLAS 2015

  1. tedthebear

    864 Posts.
    14
    As announced in the company update from the 21st October 2014 this week
    Micronic and Bluechip were to launch the multi vial (dual identity vial) at the Washington "SLAS" Society for Laboratory Automation and Screening conference, this ran from Feb 7th to the 11th.
    Interesting to hear how this went.

    Also the new MD has been at the steering wheel for two weeks now, with 6 weeks until the 13 cent options expire I wonder if we will see a big flow of news to get those into the money. Another $1.3 million in the kitty buys another 3-6 months of business costs to really see some traction in the sales agreements etc

    Late last year the Chairmans address at the AGM spoke of a sale by Bluechiip China of 10,000 vials with further orders expected in the new year. In the same address he mentions pursuing further agreements for licensing by area in Asia and finally the mention of royalties, an up front license fee for area sales agreements and royalties on revenue.

    So based on the above we have the potential for the required news flow to get the options into the money and move Bluechiip forward.

    Have a good weekend, cheers

    TTB

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.