I'm out! This looks in big trouble, page-9

The problem right at the moment isn't the results. It isn't the posibility of a partner. Its isn't the info released by the company and it isn't the directors selling their shares. The problem now is the same as it has been for the last couple of months, ie the rediculous and blatently excessive expectations set by some posters here who conveniently ramped the company's announcements into something beyond what was actually stated and let to some people inevitably losing their shirt.

The BS statements seemingly designed to hype the SP in the short term have been endless for the last couple of months. $1 train here we come. Partner to be announced at the AGM. Partner at the US conference. Data release at market will make the market go wild. Big guys secretly accumulating and trying to keep the price low. Market cap predictions of $4 billion The comments have been endless and largely baseless. In many instances rediculous.

The company have been working on this current trial for a very long time. Anybody who followed the stock would have known this. The results aren't a surprise. What would have been a surprise is if the results were different. That would almost have been game over. But the majority here had no knowledge of BIT or what they had been working on. Just like the previous trial outcome announcement some years back newcomers read the headlines and convinced themselves (with the help of some vested interests) that the company that they had never heard of had just announced a cure for HIV. Sound familiar?

The fact is BIT225 has some real possibilities but a decade on big pharma hasn't yet shown enough interest to get involved. Their reasons may be self interest. They may be lack of data. May be that the data isn't convincing enough. We will never know but it is what it is and unless this changes BIT will continue to struggle. Management are beyond any doubt working to find a partner and get the best deal that they can but will a deal actually be struck and if so will meet market expectations? Given the expectations set around here I have serious doubts. I think a deal is very possible but I suspect that it may be absolutely nothing like what some have speculated.

I'd suggest that management are also more realistic than most here. They hope to achieve possitive outcomes and are probably quite genuinely confident in getting a partner. I suspect however that they know that the recent SP spike is based on unrealistic expectations of what a deal would likely look like in the short term. Their actions suggest that they know that any income is still many years away and that the SP will most likely slip backwards during the long wait as it always has in the past. For the most part they themselves appeared to take profits rather than build their holdings during this period right ?

The old saying "buy the rumour, sell the fact" appears appropriate here. The SP reflects the hype of a multi-billion dollar deal. Something that is largely the result of wet dreams by some here rather than anything that the company ever said. On the eve of a possible deal announcement the fever will drive the price higher but on reading the actual detail fo the announcement what will happen? People here have speculated for many weeks that this recent data announcement will cause the SP to go to new record highs. The price did go higher on the speculation of the data announcement but what happened when the announcement came out?

The lession here is to identify those making rediculous statements and be careful about them. They are usually easily identified because they try and shout down anybody who inserts a healthy dose of reality.

I hope that management can pull of something spactacular but my big worry is that what management said and some people want you to think they said are two very different things. Just my opinion. Options are due. Interesting times ahead.