maybe this will be the catalyst to drive s/p

An interesting story was published on the internet

Maybe this will be the catalyst to drive the share price of Biota forwards

I hope so

here is an extract



Morgan Stanley (MS) will hold a gathering in New York to showcase Asian hedge funds to investors after pulling its capital introductions event in China because of the bird flu, said three people with knowledge of the matter.

Morgan Stanley told managers and investors last month the annual forum scheduled for Shanghai between May 21 and May 23 would be postponed and relocated to New York in July because of health concerns after the avian flu outbreak earlier this year, said the people, who asked not to be identified as the information is private. Xu Li, a Beijing-based spokeswoman of Morgan Stanley, declined to comment on the delay.

The response reflects international concern about the new virus, which has killed more than a quarter of the people known to have been infected. Some investors and managers declined to travel to Shanghai, said two of the people. Thirty-three cases of the H7N9 avian flu -- 13 of them fatal -- have been reported in China’s financial center, according to the municipal government. No new cases have been reported there since mid-April, about a week after authorities imposed restrictions on live poultry sales.

The H7N9 avian flu virus is known to have infected 131 people in China since March and killed 36 of them, according to data compiled by Bloomberg as of May 7. It is capable of being spread from human to human, scientists at the Chinese Center for Disease Control and Prevention in Beijing, and the University of Hong Kong said earlier this month after a study.

Chasing Assets
The Asian industry has struggled to recover assets lost during the global financial crisis in 2008 as investors have become more risk-reverse and prefer large managers. Hedge funds focused on the region oversaw a combined $139 billion at the end of last year, 27 percent less than the end-2007 level, according to AsiaHedge data. Globally, assets hit a record $2.4 trillion by March, 27 percent above the 2007 figure, according to Chicago-based data provider Hedge Fund Research Inc.

This was the first time the New York-based bank has had to move the event out of the region since it began hosting it in the communist country in 2005, said one of the people. In most years it took place in Shanghai, home to the country’s largest stock exchange, except on two occasions when it was held in Beijing and in Hong Kong, the person said. About 60 Asia-focused hedge funds are typically featured at the Morgan Stanley conference, said the person.

Morgan Stanley has dominated Asia’s prime-brokerage market with Goldman Sachs Group Inc. The duo commanded a combined 28 percent of the mandates awarded by regional hedge funds to prime brokers to provide services such as trade settlement, cash and securities lending, according to a survey by trade journal AsiaHedge released earlier this month.


reporter on this story: Bei Hu in Hong Kong

editor responsible for this story: Andreea Papuc