Ann: Letter to Shareholders, page-112

Thanks Fish, its a bit difficult right now. Options are low, as is SP. The challenge though is that we need to see something which will at least encourage us all to either convert options or buy the real shares. Right now - with share price almost down to half the option conversion price - if we were confident we were not throwing more money in a bottomless pit - we'd all be converted already.

Problem is - to get that confidence which we're being told is coming, will raise prices of both.

For me - the thing discussed almost a year about was that BIT had to design the test to see if the reservoirs we're cleared/improved. So if we still can't confirm - it may not be that BIT225 has failed - maybe just the test failed?

Time will tell, surely