I thought I explained the risk.
This risk is - this doesn’t get fast track approval and it falls back 20 -40% down to around 5-7c ( consider progress with BIT 225)
Or it gets fast track approval and SP goes up minimum 100% that day and would likely have MC that resembles something like RAC as study starts 50c -60c (500-600%+)
At that point it would be very risky that a early buyout offer is made .
If proven effective and FDA approved well then I would say there would be extreme risk of a multi billion dollar deal.
But before you start rambling on about warnings of slow reports and just warning of likely failure.
Biotron had never been in a better position before particularly with Covid in terms of being well placed to have a drug with an existing strong safety profile to be fast tracked into a human study.
I think it would be risky to not have a parcel of shares here as it’s likely next announcement you could be paying over double.
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3.8¢ |
Change
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Mkt cap ! $34.28M |
Open | High | Low | Value | Volume |
3.7¢ | 4.0¢ | 3.7¢ | $68.85K | 1.794M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 349950 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 150000 | 0.037 |
5 | 415000 | 0.036 |
5 | 724214 | 0.035 |
2 | 106000 | 0.033 |
3 | 91250 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 349950 | 3 |
0.041 | 144000 | 2 |
0.042 | 117600 | 1 |
0.043 | 102000 | 1 |
0.045 | 120000 | 1 |
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