Yep, it is a governance issue but its one that has been there for as long as I can remember. People who haven't lived (or died) through waiting for past trial results which were equally overdue with equally poor communications seem to get all upset when you mention that this type of thing is likely to happen to BIT holders. They seem to just think "surely this can't be so". But here we are ..... again.
You wouldn't want to be one of those people who just ignored the warning signs and long history here and believed or even peddled the company's "non-equity funding" line 18 months back for example. At best you get egg on your face. At worst you get a massive financial shock.
Anyhow I brought back in knowing this is how they work. I knew that you can't read one of their announcements and assume the words used equate to what most English speaking people would believe them to mean. Knowing that they don't even own a calendar and that their financial management skills often result in the availability of cheap shares when the inevitable CR occurred. This was a choice and a decision I made in full knowledge of their flaws. I do however quite often speak up about it in the vein hope that one day they will get better.
I didn't win the $200mil Powerball the other week so hope BIT works out. At least with Powerball I know when I will get results !
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