Companies that are worried that their results will disappoint tend to run to the market and raise cash while the share price is higher, ie before the results are known.
Those that are confident that they have something in the pipeline that will be share price accredative tend to hold off any capital raisings until after the results have been announced so that they can issue stock at a higher price.
There is always the 3rd group of companies who are pretty sure they will become a take target or enter a JV so their focus is more about positioning the company correctly to get the most out of potential bidders rather than worrying about long term funding to go it alone.
The behaviour of BIT management would appear to be very positive for BIT holders.
BIT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
