BIT 2.70% 3.8¢ biotron limited

Ann: Shareholder Update, page-92

  1. 13,713 Posts.
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    MM mentioned that labs are overworked and under resourced so maybe February at the earliest - January will have Christmas/New Year shutdowns and a lot of the staff may take extended recreation leave in January.

    Won't make much difference anyway.

    really wish that MM would put caveats in her time predictions - "we don't know for sure when results will be released but we expect they will be available in the coming weeks" sort of wording. Shareholders would be at least less angry about the length of time the trial results are taking.

    MM should never use terms like "imminent" if she does not know for sure that the results are going to be available. She made the same over optimistic claims about a deal being done 12 months ago - and that resulted in a forced heavily discounted CR, lower SP and procrastination to a point where BIT nearly went bankrupt.

    BIT may need to look at getting a qualified PR team who would be more careful about the language they use with announcements to the market.
 
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