RE:conference call i did, lasted approx 20 minutes, first 10 was bascially them just voting each other into there positions for another year.
there was 1 questions asked during the Q and A and it was related to the investment in BRC, if the warrants well be exercised and where he sees BLGV going.
To my suprise, Mehdi had a a decent reply
In short he didnt rule out liquidating the postion in BRC to purchase or invest a large portion into an operating asset that BLGV could have control over. He did however mention that they would like to retain atleast a 10% position because they do believe BRC has potential. Also didnt say if they would exercise the warrants at .30 cents but eluded to it being no brainer.
he feels that if we are cash strong, own a portion of BRC and own an operating assest then we will be in a great position moving forward. he acknoedleged there is alot of people who have been invested over the last several years that would like to see some ROI and that he feels that they are well postiioned to finally start to move in that direction.