$30 Billion Deal, page-1645

Good morning all,

I have been following the story here. The more I read this, more interested I get. One of the best risk rewards on ASX!

I am no Bio tech expert and normally in resource stocks.

Why is BIT trading at such a low MC given the progress they have made so far on the critical and unmet needs they are trying to fulfill? Understand that the traders have a say but why did the share price fell to such low level?

I don't know if even this is a correct comparison but IMU has a market cap of $322m vs BIT $68m? I know they are trying to address two different issues but I thought BIT should by now have a market cap in excess of $200m (even before the last letter to the SH)?

Is this sentiment driven because fundamentally, BIT seems hugely undervalued!

Appreciate expert comments here please.

Thanks in advance