BIT Charting, page-1631

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WelshBuffett

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08/11/24

10:19

Post #: 76512687
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Originally posted by Footmax: ↑

In the end, you would have to ask what benefit a CR would do now.

It would have been a clever and prudent move by BIT to have run a significant C when the SP was in the 10-12 cent range and enthusiasm was running rampant.

At the moment, what would a CR achieve other than keeping the company solvent and the BOD's salaries continuing to be paid.

Without a valid and stated trial runway, raising cash is quite pointless. In fact, I doubt a CR would be successful at the moment.

A CR would only be embarrassing (in its failure) and only serve to reduce the SP in any case.

Selling the IP would effectively render the company assetless and irrelevant. Any deal with BP would have already taken place IF BP was remotely interested. Clearly, there is no interest in BIT as it stands now.

Also, why move ow? In 18 days, the options will expire and that will inevitably lead to a fall in the SP. The stark reality is that the options are the last chance at any additions funding benefit for BIT. Once it goes, there is nothing on the horizon in financial terms and nothing in way of research avenues.

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where do you get your crystal ball from gas man?

couple of things

1- they didn't promise no CR
2- they said the options were the "preferred option".
3- the fat lady hasn't sung yet. Still time for them to be converted.

Try not to predict the future.

BIT Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $3.318M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$5.225K	2.145M

Buyers (Bids)

No.	Vol.	Price($)
46	30632029	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	15607062	19

View Market Depth

No.	Vol.	Price($)
45	30582029	0.002
34	94302000	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	15607062	19
0.004	16987080	16
0.005	6690600	5
0.006	1200000	2
0.007	572733	2

Last trade - 10.06am 28/07/2025 (20 minute delay)

BIT (ASX) Chart

BIT Charting, page-1631

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BIT Charting, page-1631

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