Marc, I called it a press release, but I see upon closer inspection that it is BTT's year end financial results. I'm not sure how to make the link appear here, but you can find it at news@canada-stockwatch.com and when there, type in btt, and that should do it. If that doesn't work for you, I'll make a strong effort to figure out how to make a link.
Anyway, btt results didn't help the share price, I see. They spent $139,886 and show a loss of $135,164, before a writeoff of $1,072,626 which made the Net loss $1,207,790 or a loss per share of .13 in contrast to 1995's per share loss of .03. It appears that cash in the bank at fiscal year end was $1,823,124, then btt raised in November 96 an additional $261,667 through warrants, putting a total of $2,084,791 in the bank.
What I wonder about is "On January 8, 1997, the company filed a preliminary exchange offering prospectus to qualify 2,100,000 shares and 1,050,000 warrants for distribution upon the exercise of 2,100,000 special warrants." How will or how can these 2,100,000 shares effect the price of btt?
Any comments?
ET |
