The only thing Peter Cook understand is to bullsh!t...

The only thing Peter Cook understand is to bullsh!t shareholders. The settlement deal was certainly good for him as he kept harvesting LTIOs despite shareholders objections.
Shareholders have been financing the legal case through a number of capital raisings through the lean years. The avian flu brought in additional royalties that would have seen the legal case financed. The choice Peter Cook made was to sell the case for $20m (after spending $30m in legal fees and refusing an earlier $100m offer) so that there is enough capital to finance his pay rise and bonuses. The idiot thought he had the perfect stories – settled and then blamed Peter Molloy. His stupidity only became obvious thanks to the offers leaked to the press.

Relenza royalties is BTA’s most important income and the idiot slept through the GSK report released on the internet and reported the wrong figure to the ASX. Weeks later when he corrected the figure he stated GSK had revised the figures. Peter Cook, we did not see any revision on GSK website.

It is true Andrew Witty set up a unit to promote anti-flu therapies. But Peter Cook is so stupid that he could not see GSK Pandemic Flu vaccine promoted at the expense of Relenza. No, the increase in Relenza sales is not due to GSK’s marketing. It is due to the swine flu outbreak and the H1N1 resistance to Tamiflu during the Northern Hemisphere flu season. Before the swine flu outbreak, orders for Relenza began to dry up – this fact is reflected in the 1Q and 1H relenza royalties. There were also many events indicating nothing has changed in GSK – relenza sales are demand driven and not GSK driven, here are some of the telling signs:

GSK joint ventured production of Relenza with a Chinese company BUT failed to provide them with the know-how to manufacture Relenza.

Despite the severe flu season in the Northern hemisphere and the H1N1 resistance to Tamiflu, many pharmacist did not stock Relenza. Many doctors ended up treating patients with the combination of Tamiflu + Rimatandine.

Peter Cook had no clue about the UK order when interviewed. It came as a complete surprise that large shipments were made to the UK order resulting in the bumper 3Q relenza sales.

Peter Cook, put simply shareholders are miffed with your stupidity and greed. You are disgustingly immoral when you tried to blame Peter Molloy for the 2008 loss thinking that shareholders would never know of the $100m offer that would have brought a $70m profit which you stupidly refused.

What is even worse is the idiot implied that the shares are trading beyond their intrinsic value!.