Animal spirits are back into Biotron (BIT) - with the stock up 16% to its intra day high of 9.3c .
As I mentioned the market took it the wrong way earlier when it released its results. No one should be expecting revenues and in fact the expenses were very well contained, and management is preserving cash because it needs time to seek the commercial avenue. This is a 'hero or zero' stock like 4DS and ACW - no expectations on revenues but the big question mark is when will breakthrough happen - in terms of validation, things are looking positive but it is not a short term gratification (except for stock moving up and down) but will take time to know where it ends. And as for valuation, at $50m is not demanding for a pot shot at what could be the 'holy grail'.
