BIT 5.00% 1.9¢ biotron limited

Ann: Application for quotation of securities - BIT, page-21

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  1. 14,029 Posts.
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    Well - SP is down to 2.5 cents so BIT management should be trying hard to bring any good news out.

    It is clear, whether that is "imminent" or later this year, that some fund raising will be required to keep the company operational. In BIT's interest to get the best result as any CR will be discounted.

    I have a niggling feeling now that unless BIT does get some sort of merger or TO or commercial deal that BIT may shut up shop in the next six months.

    Just very hard to see what BIT can now offer a third party to seal any deal.

    Sad for shareholders - and HIV sufferers.
 
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