my understanding is that BTA's management's strategy for Biota...

my understanding is that BTA's management's strategy for Biota moving to the US is not merely to list Biota on the Nasdaq, but also involves strategic moves such as partnering, merger or acqusition.

As a result, it takes more time for Biota to sort out all the things and more importantly, wait for the favourable conditions to come.

Just my thoughts.