so, ian gust has resigned from the board, but he is the only one. with the addition of peter cook and the americans the board is huge and each earning 73k pa as a minimum.
rafat received 2.7 million in severance as change in control of nabi. however, they haven't reported what peter cook received. Of interest is that the company is formally treating this as a takeover / change in control of nabi with biota the acquirer. it begs the question as to whether cook receives severance benefits in line with change of control - because there was no change of control, biota remains what it was.
BTA Price at posting:
0.0¢ Sentiment: None Disclosure: Held