The time extension isn't for further trials. It's for data analysis and quality control.
As for further management sell downs - why? The company itself hasn't received the trial results yet.
I appreciate the level of scientific rigor that BIT applies to their work - they ain't no Disallowed merchants - but at the same time it's also excruciatingly frustrating. It was expected that results would be released in this announcement and instead it's like "boochas! not yet!". To me this ranks as one of the worst announcements ever. Simply a statement saying the trials are complete. Like... Can someone please suggest a good marketing 101 course for the management to attend.
It's going to be another couple of months before the actual trial results are released and there will be price turbulence as speculators buy in and out, and investors get bored waiting.
BIT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
