Thanks for sharing this letter - very much appreciated.
It does show the slow demise of BIT from its fertile roots.
I have to say that I can't see any light at the med of the tunnel and management (via MM) have become very defensive to a point of being rude to shareholders.
Voluntary administration does appear to be the next and only alternative. Given the small volumes I suspect that most LTH have already bailed and I hope they are happy with what they managed to salvage from this self-inflicted train wreck that BIT managed to orchestrate. I keep asking the same question - why did they not CR at 10 cents when all the gods were with them?
I suspect that we will all be parting company at the end of the year - though I will miss the Trumpesque BS for sure.
Shareholders have been delivered a bitter pill to swallow, and I do have some sympathy for those who are still in the game.
I still recall being called names for not buying "cheap" shares at 7 cents. Sometimes stupidity does have its own rewards.
BIT Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
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