BLT 0.00% 2.6¢ benitec biopharma limited

Could someone going to the AGM as why BLT continually lumps...

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    Could someone going to the AGM as why BLT continually lumps Business Development expenditure with Scientific R&D expenditure in its quarterly statements? BLT spent 4 AUD million on these combined in the Sept. quarter, double the amount from June qtr ($2m) which itself was double from the March qtr ($1m). Business development and R&D are wholly unrelated. Other biotechs do not report their R&D is such a way.
    Does BLT want to
    1. Hide how little is going into genuine R&D?
    2. Hide how much is being spent on "business development"?
 
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