Are they too cheap? 5c? IMO the options are going to be worth at...

Are they too cheap?

5c?

IMO the options are going to be worth at least 4c, then there is your 8c share. It's my understanding that each right gives you a share and an option. So, each right should be fetching over 6c if the SP holds 12c. IMO BIT are worth 12c all day long. Of course the risk is greater as ten cents is possibly on the cards in this market. Good results from Thailand will ensure 16c again. And then the leverage would make BITR a good investment risk.

# the fact they are looking to get a deal for the next trial and not diluting via issue is a strong indication that the interest from afar is strong. The risk is no deal comes and funds have to come from another large issue at a low ball price.....

I might take take a small position myself.