All very good questions.
The market cap doesn't matter directly in negotiations except it provides an alternative to a JV deal (i.e. you will do a big raise and run the phase 3 trials yourself rather than take a bad JV deal). The problem is that even if BIT has a MC of $200 million again they can't go out at raise $100 million on their own from the market. Any attempt to do a big raise would fail because the shareholders BIT has (small retailers) just don't have $100 million in cash to give. Any potential JV partner knows this too (they can look at the T20 list just like us).
The end result is BIT has a very weak hand to play even if they were holding the cure for HIV (which they aren't). Bluffing only works when your opponent can't see your cards.
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Last
3.0¢ |
Change
-0.003(9.09%) |
Mkt cap ! $27.06M |
Open | High | Low | Value | Volume |
3.3¢ | 3.4¢ | 3.0¢ | $32.26K | 1.016M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 720804 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 687471 | 0.030 |
2 | 988888 | 0.029 |
5 | 618000 | 0.028 |
3 | 567000 | 0.027 |
4 | 3124559 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 30000 | 1 |
0.035 | 299839 | 3 |
0.036 | 47708 | 1 |
0.037 | 537816 | 2 |
0.038 | 162500 | 1 |
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