For me, this has become a bottom drawer stock...
...until:
i/ they reinvent themselves in the US, with a completely new management team and as Relenza stockpiling kicks in and LANI and Vap get closer to market.
ii/ the next major flu pandemic.
The good thing about this investment is, we know that Biota will hit a multiples premium at either of the these milestones and if you have deep pockets, then keep buying because the price will ultimately hit much higher prices - just be prepared to wait.
These will be the next times I will consider selling - should have sold at the last pandemic when they hit $3.40...but we all learn from our mistakes.
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