BIT 0.00% 4.8¢ biotron limited

Something to keep in mind. There are just over 4 million options...

  1. 473 Posts.
    lightbulb Created with Sketch. 236
    Something to keep in mind.

    There are just over 4 million options expiring on 30th November. We may see a selloff of these shares once they are converted. However if positive sentiment from data at upcoming presentation leads to high trading volume this should have very little impact anyway. May even lead to holders waiting for higher prices.

    Another scenario is we may see another pump just prior to release of data / options expiry to ensure high enough price to sell converted shares.

    Another scenario (which I'll admit as a holder I do not wish for it to play out) is that sentiment from data release is negative, volumes remain low and sell off from converted options takes place.

    Or none of the above.

    Very much looking forward to detailed abstract presentation data.

    Still remain of the view that we will be seeing a short term (H2 18 - H1 19) MC of around 300m-500m minumum if sentiment remains positive.

    Cheers
 
watchlist Created with Sketch. Add BIT (ASX) to my watchlist
(20min delay)
Last
4.8¢
Change
0.000(0.00%)
Mkt cap ! $43.30M
Open High Low Value Volume
6.4¢ 6.6¢ 4.7¢ $1.096M 19.01M

Buyers (Bids)

No. Vol. Price($)
2 104497 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 130024 2
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
BIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.