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I am so so sick to death of u

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brak69

38 Posts.

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10/06/19

17:49

Post #: 38989255
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Originally posted by Davisite: ↑

I am concerned that some people have far more than they should have invested in BIT - maybe I shouldn't be, but I don't like seeing people get burnt. Every spec company that I have followed (or been unfortunate enough to be invested in) when it has gone bad has had people who put their entire life savings into it and lost the lot. I don't want to see this happen to anyone, not even the biggest jerks here.

My sentiment is sell because I think the MC of BIT is too high and I think it is going to go down over time. Given the cash position and potential of the new preclinical programs I would say a MC around $10 million could be justified, but even at this price I wouldn't invest as I don't trust the current management.

The valuation pre-September had built into the potential of the BIT009 trial. The rapid run up in the SP when the market believed the trial was a success suggests that the market got the valuation wrong before September. Nothing particularly unusual about this with small biotechs as they tend to overshoot on both the high and low side.

I should end that sentiment is not advice. It purely reflects your view on the prospects of the stock. Nobody should invest or not invest on the basis of anyone's sentiment.

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I am so so sick to death of u

BIT Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $17.14M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$5.671K	298.4K

Buyers (Bids)

No.	Vol.	Price($)
3	512798	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	1050263	5

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No.	Vol.	Price($)
3	512798	0.019
10	1774771	0.018
8	927388	0.017
12	3258350	0.016
7	865000	0.015

Price($)	Vol.	No.
0.020	1000263	4
0.021	555000	2
0.022	997769	4
0.023	1100772	2
0.024	153949	2

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I am so so sick to death of u

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I am so so sick to death of u

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