The question is what drives a share price up? This is the purpose of buying it in the first place. It is an expectation of sharing the profit made by the company sometimes in the future. It really does not matter what they do inside if shareholders are not given anything to share. Who want to wait 5 years for profit sharing let alone 30 years of nothing? If we lucky, we live to 80. So, Biota is telling us 3/8 of our life is not enough for it to come good. With this share, some holders see 1 week or month is too long. I wouldn't be surprise if the share price don't go down to a token 5 cents.
I think the products and projects are good, but as long as the current management is there, potential investors will ask the same investment questions.
So what would Warren Buffet do? Buy? Stay clear? Find other opportunities?
BTA Price at posting:
38.5¢ Sentiment: None Disclosure: Held