Ok I understand your reasons for not emailing BTA then, and ASX is certainly the next step as BTA had time to correct their mistake if it was one. I had thought a direct BTA response would be faster than going through ASX.
Hopefully all the damage is done now and a response from ASX or BTA does not do any more damage. Price is certainly looking attractive, but with the current uncertain state of the market I am worried that any errant stock like BTA could get further hammered as no one seems to be buying into risk.
With the current opinions expressed on management do you have any confidence in a good Lani deal still, as if that follows Relenza then are the earnings going to ever meet expectations? Although there is cash for now, I doubt that will come back to shareholders as BTA have stated their intention to fill in their product pipeline, and that now has 2 more gaps from recent announcements. I can see the cash going fast if there is not a good deal in Lani.
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