This is also a PR event for Biota, although not that useful to our share price. Biota name will be at least displayed in the meeting as one of the sponsors so that more people can get to know About Biota.
It is much better that the previous management, who was near retirement, spent Biota's cash reserve as if there was no tomorrow, to pump up several drug programs (especially HCV and superbug programs) so that to make their "achievements" look more beaustiful, so as to get a big bonus when retiring.
Now the poor decisions and crapy work the former management have been exposed by the new CEO's strategical review of the company's stuff.
I am more interested in where PC is now and how he is going to deal with his free Biota shares. sell them below $8 (equivalent to $1 for BTA)?
my opinions only.
BTA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held