It isa very difficult exercise trying to put a value on IP.
Basically, it gets down to what a third party wants to pay for the IP - and at the moment, with the whole company valued at just $15mil, the IP has very little value.
At 10 cents, that would increase the value of BIT to $100mil. I can't see any interested party forking out that much. That is pie in the sky territory.
Given that BP was not impressed by the trial results, I am not sure that the IP is seen as anything that BP wants at the moment. They have placed no value on the IP.
Even if interested parties were waiting on the sidelines, they only have to wait for the SP to hit 1 cent and then buy the whole company for $10mil. Cheap acquisition.
BIT Price at posting:
1.7¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)