Intuition
You said:
"You need to factor in the possibility of BTA going bankrupt because that is a realistic scenario"
xFire said:
"Underperformance of royalties is the reason for this decline. Even on low royalties, Biota are cash-flow neutral at worst...Explain how Biota would go broke?"
Your answer:
"I don't have all the answers mate"
Intuition
You sure have made your "view clear"