If people had 1m BITR, they could sold all but 1 right left. Also, they could sell all BIT and bought 1m BIT back through 1 remaining right and application of additional share facility. Of course, people could gamble it by holding all remaining shares and sold BITR but 1 left to see if they could jump near the end of right offer. IMO, Every decision would carry risks. If BIT jumped on "good" news and no additional shares could be bought back. However, this scenario doesn't look good at all given that the management and its prospect in the future. The management lost its credibilities in last 20 years and threaten shareholders by insolvency if they couldn't get from first CR plan.
BIT Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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