It does seem that they will need to raise at some time this quarter,
It is better to negotiate with some cash,
As it gives them a better position to negotiate,
as they do not have them over a barrel then.
It seems like the results for the BIT 225 011 could be in the 2nd Quarter as BIT Stated:
"Good progress is being made and the Company looks forward to reporting results Good progress is being made and the Company looks forward to reporting results during the second quarter of 2024.
Although we know BIT seems to have it's own perception of time,
As what is said to be in coming weeks could be 6 months or more,
So in reality if history is anything to go by it may well be longer.
And that seems to be only the Preliminary BIT 225 011 results.
The whole missing deadlines thing is getting annoying,
Who knows how long it will take to get the Preliminary BIT 225 010 results fully Finalised Version etc.
This may give an indication of how long the BIT 225 011 & BIT 225 012 Trials also take,
To go from Preliminary to Finalised Version as well....
Not sure if they are being released or completed by CRO's in order,
But it seems to look that way with them giving mention of the BIT 225 011 Trials being:
Good progress is being made and the Company looks forward to reporting results during the
"second quarter of 2024."
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It does seem that they will need to raise at some time this...
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