BIT (ASX) Ann: Rights Issue Closed

Originally posted by GiddyYup: ↑

A2, you seem to be under the illusion that you were investing in a Biotech company working to cure diseases when in fact your money went to an experimental physics project. If you look closely they are trying to prove that the physical principle of "conservation of energy" can in fact be broken.
The law of conservation of energy states "energy can neither be created nor destroyed; rather, it can only be transformed or transferred from one form to another". The company have demonstrated that this law of physics can be defeated and have run repeated trials to demonstrate this.

Because energy is so small and can't been seen they have replaced it in these experiments with cash. This makes sense since in this world cash is the energy source which makes almost everything run. The trials involve shareholders putting money into the system via capital raisings and management try and make it disappear entirely. It is no longer in the system nor is it apparently transformed into any other measurable form of output. Its quite amazing and they have run so many successful trails to prove this works. Just look at the trial results (annual financial reports) and you see see for yourself how well they have performed.

Over time they have refined the formula for success. There were several problems which they needed to find solutions for to make this work reliably but over time running so many trials they have slowly improved the formula. First you need to create a financial vacuum to capture the new cash. This streamlines the process by reducing friction. External cash likes being free and doesn't like being inserted into a closed system where there is already plenty of other cash. This is why CRs are only done when the bank accounts are almost entirely empty and there is a financial vaccum inside the system. I hope this answers one specific question for you.

Secondly they need a high volume of external cash circulating around the experiment before they open the inlet. Its highly damaging if they open the inlet to expose the vacuum to an external void. To attract cash to circulate around the inlet they found that a giant neon rainbow attracts suckers just like it does mozzies. To keep the suckers close they put a large empty pot at the tail end of the neon rainbow just close enough that it looks like its easily gotten at from inside the experiment chamber but angled just right so that circling suckers cannot see how much gold is in the pot at the end of the neon rainbow even when on the tippy toes.

Just as the crowd is attracted to the neon rainbow predators are attracted to the growing crowd. A frenzied crowd makes a good hunting ground for predators so they come in and form packs. Predators don't know what is in the pot and they don't care. They just need punters to stay in a frenzied state and swarming like an excited school of fish so their cash is easily taken. To help build excitement predators sprinkle gold colored glitter on the ground around the inlet for others to spot and start screaming "I can see gold. Its everywhere and spilling out the inlet". "Let us in" the crowd chants as the pump and dump crews feast on the mindless suckers waving their cash around trying to get in and not miss out. The predators have a symbiotic relationship with the experiment. Both benefit from each others actions.

Finally when the vaccum at its maximum the predators slip away from the corralled swarms of suckers around the inlet and a new sign of lit up which says "Sale - All new shares 45% off this week only" and they open the inlet. Over time they have found that the bigger the percentage discount on the sign the better the results. The inlet is one way so once the money goes in it goes down a slide into the pot and drops to the bottom. The predators move on to other experiments elsewhere. When the pot looks to be full the sale sign gets turned off and the inlet closes. All lights go off and the crowd goes back into darkness.

A number of months later all the money has disappeared from the experiment. There is no determinable output. It just disappeared. Another successful trial. Time to start planning the next one.

I hope this helps answer some of your questions.

PS. These are my satirical observations only. Please don't try and use this as evidence in a court of law.

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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $2.654M

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