I would get in too much trouble if I said what I thought and what I know about Biota management.
I think it is obvious to any thoughtful person how appalling Fox has been. It was clear to me from the first AGM he presided over that he was a bottom quintile individual.
I wonder how Jim Fox would score on this http://www.stumbleupon.com/su/2KFVIh
The successive boards and management of Biota are amoung the worst I've ever invested along side. I remained long as I thought even if they were arrogant idiotic sleazy alcoholics, to be clear I'm not saying that they are or that reliable sources have said that about them, just hypothetically even if they were, I thought they couldn't screw up one of the easiest slam dunks in pharmaceutical history.
I was wrong.
A half decent team would: 1. already have LANI approved for RoW, 2. never have bought UK assets, 3. have kept Biota in the Australia.
Where to from here? They may be able to salvage a deal on the back of good PII results.
How anyone could destroy so much value so quickly is beyond me.
BTA Price at posting:
0.0¢ Sentiment: None Disclosure: Held