I think it's been priced to fail many times in the past few years, a swing to profit in 2H18 and positive operating cashflow would be a game changer IMO and awaken from slump.
I skim read the releases for the Canada thing and I don't think it will make much difference at all, I stand to be correct but my read is:
Current - HQ in US, listed on ASX, Australian company is the parent entity
Proposed - HQ in US, listed on ASX, Canadian company is the parent entity
I'm just not sure why...can't be a cheap exercise so must be some incentive, fewer regulations and reporting? probably tax related? Pay tax = make a profit, so maybe that's not a bad thing!!
BLY Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held