Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-24

Until the final results are released, it would e difficult to judge BIT's potential as an investment if a CR is started in the next few weeks.

I suspect that investors will wait on the sidelines pending the release of final report data.

CR normally involves a discount - maybe 20% - on the current SP.

If the final report data comes out as less than inspiring, there could be some issues in attracting investment funds.

In one way, it might be prudent to stage a CR before the results are released and ask for maybe something bigger - $5mil sort of range.