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.
- Forums
- ASX - By Stock
- $10 Billion Deal
All very good questions. The market cap doesn't matter directly...
-
- There are more pages in this discussion • 12,052 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIT (ASX) to my watchlist
|
|||||
Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $41.50M |
Open | High | Low | Value | Volume |
4.4¢ | 4.7¢ | 4.4¢ | $31.64K | 708.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 259000 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 17361 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 259000 | 0.045 |
1 | 200000 | 0.044 |
4 | 438255 | 0.043 |
4 | 342000 | 0.042 |
4 | 287000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 17361 | 1 |
0.047 | 225000 | 2 |
0.048 | 308915 | 1 |
0.050 | 21000 | 1 |
0.051 | 96225 | 3 |
Last trade - 14.10pm 21/06/2024 (20 minute delay) ? |
Featured News
BIT (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online