BIT 0.00% 4.6¢ biotron limited

"Its more likely than not that the human trials would be...

  1. 2,684 Posts.
    lightbulb Created with Sketch. 739
    "Its more likely than not that the human trials would be sensational. Most of the longs will agree...we are in a perfect storm".

    Complete nonsense!

    While we all hope BIT succeeds, the probability it passes through clinical trials successfully and proves to be an effective drug against covid is very low indeed. Furthermore, even if it passes through the trials successfully, it will still need to compete with other therapeutics that will likely appear on the market too.

    As with all speculative Biotech companies, putting money into BIT is more like gambling than investing. If it pays off, holders will do well but the chances are they will likely lose most of their money.
 
watchlist Created with Sketch. Add BIT (ASX) to my watchlist
(20min delay)
Last
4.6¢
Change
0.000(0.00%)
Mkt cap ! $41.50M
Open High Low Value Volume
4.6¢ 4.7¢ 4.5¢ $16.31K 361.2K

Buyers (Bids)

No. Vol. Price($)
2 212627 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 208285 1
View Market Depth
Last trade - 11.05am 24/06/2024 (20 minute delay) ?
BIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.