Last night Biota had only ONE trade above $1000. Only 2000...

Last night Biota had only ONE trade above $1000. Only 2000 shares were traded and they were mostly, if not solely, BOT trades. I cannot remember a time when there was so little interest in biota.

Last year, shareholders pleaded with management not to sole list on the NASDAQ because of the detrimental personal consequences, including that their Aussies super funds will not hold US shares, and thus will be forced to sell their biota shares at a loss.

Managements response to this was very telling

They said shareholders knew of Biota's intention to move to the US and have had two years to plan accordingly

Firstly, it shows they didn't care about maintaining shareholders. Clearly they would have dual listed on the NASDAQ and ASX if they did. And we know that interest in shares and the share price is a function of attracting shareholders. Biota have not only done nothing to attract shareholders, but ACTIVELY went about losing the shareholders they had. The lack of respect & value placed on existing shareholders is both disgraceful and incompetent

Secondly, it shows that management have had two years to drum up interest in the US. Right now there.is zero interest and biota will be saying give plumb time because he is only been on the chair for four months. BUT Cook and Fox were in their chairs for the whole 2 years since they first planned their US move and have done nothing to drum up interest. They have had TWO YEARS TO PLAN ACCORDINGLY and, as we sit today, with no volume and a very depressed share price, they have shown that they have they have wasted those two years