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
2.5¢ |
Change
-0.002(7.41%) |
Mkt cap ! $22.55M |
Open | High | Low | Value | Volume |
2.5¢ | 2.7¢ | 2.5¢ | $28.21K | 1.122M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 620000 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 141989 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 620000 | 0.025 |
3 | 3456666 | 0.024 |
2 | 153913 | 0.023 |
3 | 625000 | 0.022 |
1 | 250000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 141989 | 1 |
0.027 | 20000 | 1 |
0.028 | 400000 | 2 |
0.029 | 305600 | 3 |
0.030 | 97636 | 3 |
Last trade - 15.14pm 21/08/2024 (20 minute delay) ? |
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