Outawater, what exercised options are you posting about?
These are the facts from the 10 and 11 Jun announcement.
On Friday 5 June, Alleron sold 62,887 shares for $81,034.99 averaging $1.2886 They manage to drive the sp from Thursday closing sp of $1.275 to close on Fri at $1.220
Then on Monday 9 June, they bought 91,992 shares for $ 109,454.00 averaging $1.1898
This is what large shareholders like Alleron are doing: They accumulated 29,105 additional shares at a 2.5% discount to the price they sold ($1.1898 compare to $1.22)
BTA has mostly mums and dads shareholders with only a few large shareholders. These larger shareholders can easily manipulated down the sp even when they are accumulating shares as evidenced by the above announcements.
Even with today positive HRV announcement, these larger shareholders managed to cap the closing sp to $1.21 which is below the Friday $1.22 closing sp with Alleron selling.
The daily chart reflects a spike in the sp on very positive news and then sold down until the next very positive news. To see the real share price trend, you need to look at the 14 days or 21 days moving average chart.
I believe the next very positive news will be an announcement on the Relenza royalties (GSK report on 22 July), or if sooner it may be a government order or surprising news on LANI or licensing deals.
BTA Price at posting:
$1.27 Sentiment: None Disclosure: Not Held
