Article in AFR today:
Ord Minnett wipes 55pc off Blue Sky valuation
"The short report released in late-March has impacted perception of BLA's business among wholesale investors to a point that the company has paused much of its planned 4Q fund raising activities," he said in the note to clients.
Read more: http://www.copyright link/street-talk/ord-minnett-wipes-55pc-off-blue-sky-valuation-20180425-h0z96z#ixzz5Dl6jR4rA
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So yeah, the growth prospects for this company are going to be tough for the short term - and those 17% fees will very much be history.