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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-88

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luxury

3,599 Posts.

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05/08/24

12:08

Post #: 75072195
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Originally posted by Footmax: ↑

Hmmmm.....

Interesting that BIT is no longer relying on the options for future funding. Nor are they mentioning any commercial deals to inject csh into the bank account (though perhaps that is expected as any negotiations would have a degree of secrecy attached).

They are purely relying on the hastened R&D rebate of $1mil to fund operations. That is running on the skin of your teeth and will only cover the rest of the year and just into 2025.

Financial management is appalling - have not come across another company that would expose itself to this sort of " maybe something will come out of left field" approach to operating a business.

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The R&D rebate will come at some stage, if they run dry before that time they will just borrow money for wages in the interim, (or take turns doing Door Dash). They have the Trump fighting spirit.
Could be years now.

BIT Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-88

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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-88

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