At the end of last November, Hunter Hall had an investor update on Biota (video on their website)
They claimed that it was hard to believe that a company that could save humanity ONLY had a market cap of $400 million (share price $2.60). (LANI worth this much alone)
Now the current market cap is $180 million. Very hard to believe it could have fallen this much with a LANI deal still very much on the cards (albeit a little late)
Have we a hit bottom yet? We are much closer to the 2008 30c bottom then we are to the 2009 $3.40 top. Yet the story today is still in sync with the 2009 top and very much different from the 30c bottom.
BTA Price at posting:
$1.05 Sentiment: Buy Disclosure: Held