btc-17 million to go., page-36

So from the accounts appears there will be another 50 million on issue including 25 mil converted options, and 25 Mil to cover convertible note for BTC. Hopefully BTC recent selling is to make room for the new 25 mill shares they are about to recieve, otherwise the title of this thread changes to 42 MILLION TO GO. If they sell their current 25 mill on market for average 7c, as they are already doing, (down to 17 mil now) and then hold their new 25 million for the remainder of their stated exit time of 18 months they would be simply taking $750,000 off the table for no change in holding (Profit of selling 25 mil at 7c and buying 25 mil converted note shares at 4c each).
New total shares on issue will then be 333 million. IF btc are not doing this then weve got a while longer to wait for the selling to end.
I assume the conversion of 25 mil options will provide some income to get us to the finish line of cash sustainability, although they did announce "To the extent that further equity is required, the Directors are confident that a sufficient capital raising can
be completed. The company has demonstrated its ability to raise capital as and when required in the past,
including a capital raising of $2,357,517 performed during the half-year."
In reality that is also not really a negative as they should have no problem raising capital with a placement one would think, and they would not need to issue more than say 50 million for 2-3 million $ to get to cash sustainability. At the point where true cash sustainability is proven this should then get a serious re rating as all valuation methods would change on a proven income stream.