Blis blames share price spike on registry clean-up of small parcels

Wed, 09 Jan 2013

By Paul McBeth Jan. 10 (BusinessDesk) - Blis Technologies, the NZX-listed biotech company, is blaming a near-trebling in its share price on plans to tidy up its share registry by mopping up small holdings. Chief executive Barry Richardson told the stock market supervisor it announced plans in December to put a minimum holding of 25,000 shares for its investors in a bid to cut administration costs, and that had probably caused the price spike. NZX Market Services issued a 'please explain' after Blis shares climbed to 3 cents from 1.1 cents...

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