BTA 0.00% 57.0¢ biota holdings limited

With the BARDA grant of 231 million and with nearly 80 million...

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    With the BARDA grant of 231 million and with nearly 80 million in the bank ,that effectively gives BTA a value of
    $1.82 with 170 million shares on offer .
    That really makes me wonder what is going on with BTA as its current sale price of $1.35 is 50 cents under its cash value , can someone please explain ?
 
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Currently unlisted public company.

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