BIT 7.14% 2.6¢ biotron limited

Ann: Shareholder Update , page-24

  1. 3,645 Posts.
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    Very true Dendons but can't spend theoretical percentage gains anyway. They make us feel good but don't feed our families any more than thoretical losses starve us. Particularly the case with small caps like this where the SP only reflects the last trade which could have been some dude selling $510 worth of stock and not indicative of what I or anybody else coud unload our larger holdings for anyway.

    My 50% was true on the day I posted it but it was much more at one point and much less at others. Until I look to sell its a nothing more than a lottery ticket where the numbers are yet to be drawn.

    The payoff on BIT could easily be 10:1 or even 20:1 if successful. I'll highlight the "if" bit. So a profit of 0.5:1 is not indicative of an outcome for the risk that it represents. Its just a representation that the risk / reward looks a lot better now than it did over the last year or two. Thats a good thing as it infers that we all have a better chance of holding a winning ticket.
 
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5 198646 2.5¢
 

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2.6¢ 199924 1
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