bito's, page-19

I reckon that dude with the buy order in at $0.001 thought he/she was a shoe in to get that order filled this afternoon. In retrospect if they had just bid 0.002 then they would have got their order filled. By holding out for a saving of 0.001 they have cost themselves an additional somewhere between .009 and 0.014, ie as much as 1400% more. False economy.

Was expecting a little more last minute dumping. Sort of reassuring that it didn't happen. Just BPAYed my second holding so all options are now converted.

Will be interesting to see how many of these options make it back onto the market in coming weeks (not meaning mine). Given the lack of dumping so far, relatively speaking, I assume the average BITO convertee is more inclined to hold and most probably have the means and discretion to do so. This could mean a BIT of a rally in the new year once the residue has passed through.

I'm guessing 87% conversion.

Anyway, goodbuy or was it goodbye BITO. Hello BIT. No more discount vouchers for entry in to Biotron. No more confusion or price drag based on cheap options entry which in itself was clouded by short expiry date. Only one way in and one price quoted for entry.

Looking forward to 2012. Should be a huge year for Biotron. Good luck everybody.