i havent read it properly, sounds like from what your saying its a firm underwriting?
if thats the case and they get support from folk who might hold a different view of BIT than those here...they continue on with some cost reduction per the webinar right ? Ie min $500k gives them what 6-12m
ie they don't die wondering ?
That being the case, and assuming that, as they say, the completion of Ph2 is the opportune time to seek a sale, how does the present SP present, let's say objectively considered?
The entry price in terms of MC is so low relative to the the perceived potential value, even if say referenced to the 11c high of recent more buoyant times in the market
What if they achieve the higher end of their funding ?
There's endless negativity here and you do have to wonder why, and if it's merely a therapy session for those who have a timeline inconsistent with the market in which they invested. Pretty much what was said yesterday
Having said that, these guys do need to lift their PR as I said for some time. I suspect that if the science does what its reported to, PR is their biggest problem.
BIT Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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