There's a floor on the price and that's 11.5c. No one is going to sell for a loss - unless it's a tax advantage to do so, but the time is running out to make use of that. To be honest, I was a little surprised that the share price held up for so long. I have yet to see a capital raising where the price didn't drop to the placement offer price. That's why long term investors dread the capital raising announcements, it's a necessary but unfortunate evil. BIT have been running a tight ship on their raisings though. Anyway, the trial news is imminent and with luck that'll boost the short term price - but expect some headwinds from those looking for a quick profit.
BIT Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
