I dont trust this company's BoD or MM one bit. BIT's management and its leaders are dubious and is evident how they could keep an unproductive company running for over 2 decades.
I have already posted with time line on how BIT had deliberately misled the share holders with their HCV trials cooking it since 2011 till 2016, then declared it a great success with no commercial deal. The reason is never explained, instead a new carrot was dangled. https://hotcopper.com.au/threads/results-to-seal-a-deal.7905639/page-2?post_id=72929882
Their last attempt to milk the SH's is evident, only this time they have a threat instead of the usual hope and hype. Now they threaten us to payup until they find a partner, implying if they dont they will go insolvent and we lose all our money unless we pay. What audacity! Did BIT not know this since their last dud results came out like over a year ago or by looking at their financial statements since then?
If they even stand a chance of finding a partner to fund them, they would have done it by now. The fact they did not, only means, any more money we pay is just going to fund MM and her gang's store closure party and not for our benefit.
I would rather MM fund the $500,000 herself to keep her office knitting hobby extended, not at my expense. My investment is already 98% down I am not going to spend another 200% of it's current share value, only to keep it afload another quarter and then lose both. BTW, notice how they did not make any mistake in their announcement this time. I say not a cent more. BIT go find a partner.
BIT Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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