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Bullrush007

5,653 Posts.

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20/12/21

16:27

Post #: 58417324
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Originally posted by Bullrush007: ↑

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

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Oaktree has now given you the early warning! This is all or nothing! - because BIT management seem to be reluctant to secure a capital buffer for shareholders if their behind the scenes commercial deal talks fall on deaf ears

BIT shareholders are sitting ducks

BIT Price at posting: 9.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.3¢		Change 0.000(0.00%)		Mkt cap ! $29.77M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.3¢	$26.66K	804.7K

Buyers (Bids)

No.	Vol.	Price($)
1	296338	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	76443	2

View Market Depth

No.	Vol.	Price($)
1	296338	0.033
5	457406	0.032
3	350500	0.031
9	670666	0.030
2	250000	0.029

Price($)	Vol.	No.
0.035	76443	2
0.036	65500	1
0.037	537816	2
0.039	490546	3
0.040	113240	2

Last trade - 15.00pm 18/07/2024 (20 minute delay)

BIT (ASX) Chart