And if there were not enough warning signs of manipulation going...

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GiddyYup

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11/03/25

10:01

Post #: 78210964
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Originally posted by Davisite: ↑

This is the section every BIT shareholder should read carefully

The Underwriting Agreement contains termination events considered customary for a transaction of this nature, including:

(Indices fall): the S&P ASX 200 Index is at any time after the date of the agreement is 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;

(Commodities): the price of COMEX gold or NYMEX WTI crude is at any time after the date of the agreement 7% or more below its respective level as at the close of business on the Business Day prior to the date of the agreement;

(Price): the issue price is greater than the volume weighted average price of Shares calculated over three consecutive days after the date of the agreement;

The underwriting agreement was entered into some time before the 28th Feb 2025. For arguments sake let's assume that it was the 28th. The ASX200 closed on the 27th at 8268, Gold at US$2850 and WTI US$70.35. Today the values are ASX200:7962 (-3.7%); Gold: $2912 (+2.2% ); WTI: $66.60 (-5.3%). If the WTI falls to $65.40 then Mahe can terminate the agreement.

The real elephant in the room is the VWAP falling below 3c. There is less than $60k of shares on the stack preventing this from occurring.

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And if there were not enough warning signs of manipulation going on how about this morning's pre-open market depth. A $20 unmarketable parcel of 4033 shares somebody wants to pay a 60% premium for. Come in suckers.

BIT Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.001(25.0%)		Mkt cap ! $3.318M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$1.282K	619.5K

Buyers (Bids)

No.	Vol.	Price($)
43	29910842	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	16356447	21

View Market Depth

No.	Vol.	Price($)
43	29910842	0.002
31	94742000	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	16356447	21
0.004	16987080	16
0.005	6690600	5
0.006	1200000	2
0.007	572733	2

Last trade - 15.21pm 22/07/2025 (20 minute delay)

BIT (ASX) Chart

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