If the deal doesn't go through, then surely PC can be forced to retire. I am leaning to a NO vote. The excessive share price decline since the announcement of the merger suggests that this is ANOTHER example of poor negotiation and decision making by the board and management.
There are numerous examples of how the management of Biota doesn't appear to be acting in the best interests of shareholders. I hate to say it, but the best flu drug going around and a cure for the common cold counts for nought - the only catalyst for a share price increase is a pandemic. If this happens, it will be the traders who are our saviour as the inevitable pump will present an opportunity to lighten up. It is very sad that human suffering seems the only way to realise value when the great potential to save lives should be yielding value.
Jessie you have my support to hold management to account. if number of shares gives you a voice I can throw mine into the pot
BTA Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held
