deal gives biota extra 7.5-11.8% of new comp.

Lets look at this logically

Is the new deal worth 27 million dollars

I say for extra 7.5 to 11.8 percent of the new entity - a definite yes

All major shareholders of Biota and Nabi are in agreement on the new deal

Even at one minute to twelve - when the vote was suppose to be taken and Biota shareholders had supported and accepted overwhelmingly to vote yes, I can understand why this has "upset their balance" - going by all the posts received today on this forum

However we must look at the big picture.

1) listing on the nasdaq through a reverse takeover

2) exposed to a larger investor base

3) hopefully a dynamic board to create the best value for the shareholders

4) the company has a great pipeline of drugs that will be developed over the next few years

5) the flu seaon is coming into one of the hemispheres and judging by all the news coming out - we could get strong representation from Relenza


As all poster on the forum know - I am a strong supporter of Biota

In the last four months the share price has fluctuated between 65 and 75 cents. It has remained pretty much in this trading range


Everything is in place for this deal to go through. Timing is the only issue

With the predidential elections being held on November 12th, it could have negative implications for the world wide market

Obama has done everything in his power for the markets to be at record levels. However this is all fiction. Europe is in turmoil. USA is in turmoil. China is in turmoil. Printing money has been the band aid solution to a catastraphe that is waiting to happen

I would have been more happier if the nasdaq takeover would have occured according to original time-table. Sometime in October

Again the big picture for biota is very rosy indeed. If the share price remains in the 60's I will continue to buy

Frustation for the long term holders is understandable considering their purchases were in the $1 or more cateogory


However this is now history. The original deal is now history. We need to look only at the present situation and act accordingly

If you had a gutful - sell the stock

If you vote no for the new scheme - you will only hurt yourselves in the long run. Because if the reverse takeover does not occur, the board will do a nasdaq listing, which will occupy their energies. I think they have spent enough time on the subject and should focus on other important things like commercialising pipe line of products in the armoury

People voting no now will only backfire - as we all said the company wants to list on the nasdaq. There is no future in Australia.

It will take at least another six to twelve months for Biota to do a stand alone listing


The above is only my opinion and should not be regarded as investment advice

I am going to continue to support management on their decision and vote yes