focus on the real issues, page-12

The problem now is not the merger deam terms, but the attitude and capability of the PC management team has.
We are lucky that Biota now still has around A$50m cash reserve and BARDA funding for Lani. Otherwise, what we will see now is "mass slaughtering (dillution)" of shareholder wealth via cap raising, not just the revised Nabi-Biota merger deal.

I still can not understand why the company board is presented with the voting result before the cutoff time for voting. How can Link releases its clients' voting result before the close date? I do not know how Link operates. But common sense would tell that the shareholders' votes should be kept secret before it is used to determine the final results.


Just my thoughts.