If the new CEO can make Biota as successful as Gilead, it would not be expensive at all even if Biota shareholders give away 10% of the company to the new CEO for free.
At the moment, IMO, it is very expensive to give 1% of Biota to PC. I do not see how PC has been incentivised to increase shareholder wealth while he continues to collect his free share options and free shares at zero expense.
I think PC is very opportunistic and will no doubt interfere at his best with the selection of the new CEO.
Just my thoughts.
BTA Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held