My simple minded take on your information is this.Biota capital...

My simple minded take on your information is this.

Biota capital stock will be transferred to Nabi in exchange for 0.749778075 of a share of Nabi common stock

This is close enough to 0.75 of a Nabi share (current price ~$1.78) for each Biota share.

This suggests to me that The US market is valuing each Biota share at ~ 0.75x1.78 = $1.335.

This value does not change regardless of the subsequent 1 for 6 share consolidation for Biota Pharmaceuticals.

If Lazin is wrong I must be wronger.