Totally agree with you Albie. Shareholders have been waiting and waiting and waiting and waiting – some many more yaers than others. Some will wait and wait until the cash runs dry.
The UK order has to be more than 30% to 50% market share and has to be supplied in FY08/09 to make up for the shortfall in the Japanese order if there is any chances for a cash neutral year. The exuberated brokers spruik Peter Cook’s cash neutral message predicated on $20m to $30m Relenza royalties. The wait must rate as highly as the wait for a dividend announcement.
Meanwhile, Peter Cook and his mates are not waiting. They expanded the board and increased executive remunerations, thumping their nose at the message delivered by shareholders at the AGM. Thank you Peter for bringing your proven talents at OEC to Biota.
BTA Price at posting:
34.0¢ Sentiment: Sell Disclosure: Not Held
