I remember Blaze were issuing shares as low as 0.01c a year ago,...

I remember Blaze were issuing shares as low as 0.01c a year ago, equivalent of 2.5c BLZDA today. Surprising how easily they were ratified with only a small vote against. The company also stated that they were not issued to related parties. How can Mr del Piano not be a related party? Major shareholder and decision maker who owns management company running things on behalf of BLZ. he managed to trade out of a few and lower average by taking super low priced placements and selling into paid for newsletters.

Previous issue prices

Dec 13 - 595m at 0.04c = 2.38m shares at 10c
Jan 14 - 140m at 0.04c = 0.56m shares at 10c
May 14 - 525m at 0.01c = 2.1m shares at 2.5c
July 14 - 349m at 0.08c = 1.396m shares at 20c

Also a $1.25m convertible note of which $440,000 had been utilised at last qtly. Conversion at 20c or repayment at 6 months with 10% interest. Capital raising also approved for up to 10m shares at least 80% of vwap.

Retail are in at 25c plus equivalent, insiders lower.

Price probably depends how CPS want to play it from here. The broker was involved in note raising plus July placement so clients in around 18c-20c allowing for note interest. They could raise lower and elect repayment on notes or push above their buy in levels.