We were at an equivalent of $28 three and half years ago
Chairman Fox has often said that we were undervalued in Australia and he said with conviction that shareholders ALL stood to gain financially with a move to the US.
So we are now hovering around $4 six months in and even a bird flu catalyst has failed to nudge the share price.
Has anyone heard a peep from Fox?
I would love RP to sell Biota and end the misery, but I think $20 should be the minimum deal accepted. Surely, developing a stockpiling drug to combat new flu outbreaks in conjunction with the US government has got to be worth a little bit of investor interest.
While I have heard lots of people calling the mining boom over I haven't heard many calling the flu boom over. So the 85% fall in share price since late 2009 feels very overdone and lets hope RP can turn this ship around. At least the share price has stabilized of late - one small positive.
BTA Price at posting:
0.0¢ Sentiment: None Disclosure: Held