One has to ask...why with all the 'hungry' investors here...there was no SPP? Easy capital imo! Why are BIT publicly listed then if they can't raise capital through 'hungry' shareholders? Why let 'hungry' shareholders run the risk of holding when there is no secured funding yet to pay for the next phase of commitments (bearing in mind BIT management have said that current funds support current HIV-1 trials...what about BIT22 with Omicron?)
Oaktree has now given you the early warning! This is all or nothing! I agree!
If BIT do manage to secure a commercial deal in the short term you'll hear about
If not, with the limited funding at hand, its highly likely profits will continue to be taken and there may be a risk of a trading halt, suspension, then administration notices coming out of the blue (BIT like their out of the blue announcements) imo
Like for like mouse Model Data Covid, page-55
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