$25 million public offering

NABI's cash into the merger was always intended to be US $54 million which was at the last minute reduced by some US $27 million.

At the time, Biota Chairman Jim Fox, commented:

“Biota shareholders have demonstrated a 90% support for the merger and will now retain an even greater proportion of the company post-merger and the reduced cash to be provided by Nabi will be at Biota’s prevailing share price and not at any discount. For Biota shareholders these are key advantages and warrant their ongoing support for the merger.”

We are now raising the almost identical amount of money as was previously sacrificed.

Like Cook, Fox must go.