gsk annual pay day tomorrow

Last day of financial year is a key date for the company.

Actual payment of Relenza royalties...for the 12 month period ending April, are scheduled to be made by GSK.

We know the amount (around $62m)....but investors are not sure what the company has in mind for all this cash. BTA will have circ $100m cash...verse their market cap of $185m.

Payment still has to be handed over by GSK....maybe it is possible, pending the receipt of the cash tomorrow - that Biota has in mind for another share buyback.

A buyback should ignite the dreary share price on this stock......

Just image what a 10% buyback of capital ie 18m shares over a 6 month period....a modest $20m worth at these share price levels.

800,000 shares being purchased on market every week.....the thin current electronic trading trading on this stock....I think would be overwhelmed.

BTA management OWE investors in this stock....make no mistake, a buyback now SHOULD HAPPEN AND THIS IS THE BEST APPROACH FOR THE COMPANY....right now.