Hey Giddy, if all your positive assumptions actually happen I...

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26/05/24

12:03

Post #: 74012225
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Originally posted by GiddyYup: ↑

Lets just assume that the results come out before the end of next month as per the latest promise, ie within the next 5 weeks, and lets also assume for arguments sake that the best case scenario is that there is one or more BP salivating at the idea of finally being able to see the new data from these trials when the data becomes available late next month. Lets also assume that one of them decides to enter into negotiations for a licensing deal or some such scenario.

Even if all of these best case scenarios come to fruition its' virtually unimaginable that BP analysis of data packages, subsequent discussions and negotiations can progress sufficiently for cash from any deal to make its way into Biotron bank accounts before the existing funding runs dry in approx 7 weeks (estimate). They have to meet their legal obligations and can't trade whilst insolvent so they will require additional cash even in the happy event that we are all celebrating the onset of commercial negotiations. Results alone and/or a higher SP won't change the fact that extra cash is required to continue as a going concern like every other business. Result and a higher SP will not pay the rent.

More importantly a company going into negotiations with insufficient funds to pay for coffee is not in a position of strength in said negotiations. They need to remove the sense that they are desperate and give themselves the breathing space to take the time to negotiate the best deal, not just take any deal which puts money into their account before the rent is due. Words to this effect is what you will likely in their announcement in "coming weeks".

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Hey Giddy, if all your positive assumptions actually happen I think the last thing people will worry about is a CR because I imagine there will be a veritable tsunami of investors buying BIT shares.

BIT Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
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