One plausible reason could be ASX finally recognised BIT for what it has done over last decade or two.
1. They are no other instances where Trading pause announcement before another price sensitive announcement. Let me know if there is any that I missed.
2. After almost one complete Trading day, the announcement came out for Trading Halt.
3. Errors in the operative part of the announcement
4. No mention of words like CURE or immunological benefits.
The time it took them to draft a 3 sentence Trading Halt letter shows that actual announcement was reviewed by ASX and rejected and Finally a Trading Halt was agreed upon.
now this is all conjecture. what could be any other reason for a day long trading pause?
BIT Price at posting:
9.5¢ Sentiment: Sell Disclosure: Held
