Options won't be exercised if they are twice the value as buying them on market - that is just a simple fact.
Unless there is something to push the SP up - and there is no evidence of any deals forthcoming - then the SP will remain in the doldrums.
Apart from about 6 posters on this site, the market would be factoring in the financial report - and the need for BIT to shore up its cash reserves. R&D rebate aside, BIT is rapidly running out of cash.
You are well aware that options get taken up maybe half the time (and I am probably being over generous).
Options won't be exercised if they are twice the value as buying...
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Last
1.7¢ |
Change
-0.011(39.3%) |
Mkt cap ! $15.33M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.5¢ | 1.7¢ | $374.7K | 18.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1266038 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 689330 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BIT (ASX) Chart |