BIT 6.06% 3.5¢ biotron limited

$10 Billion Deal, page-13114

  1. 3,636 Posts.
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    Your right of coarse. In the last 23 years BIT have run more capital raisings than they have produced medical trial results so they certainly know how to do them. And BIT is consistent. The CRs are as timely as trial results.

    Remember in 2022 when they didn't need to do a CR despite almost being out of money because results and CTAP were coming any day and there were plenty of non-equity funding options. They could have raised at around 10c in early 2022 just like they could have in early 2024 but decided it would be better to surprise shareholders with a cheaper one at 3c a few months later instead ! That was nice of them to make it cheaper for us all wasn't it?

    Anyhow as you say Toot Toot. Gravy train is leaving the station soon.

    PS. If your UBER driver is right then gravy for everybody and I'll need to speak to some of the guys on the AVZ forum to get the name of their creative accountants to help minimize tax !!!!
 
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