Biota have indicated that they will provide a detailed update...

Biota have indicated that they will provide a detailed update including its Corporate Strategy in their September Earnings Call.

I hope all holders who are left will take this opportunity to email Biota management and stress that what they want to hear is a Glass Half Full statement, not a Glass Half Empty one.

Holders want to know that there are positive plans moving forward in investing the $80m (in the bank) in a profile of winning opportunities moving forward.

If Biota have reduced their scientific personnel and are no longer willing to take LANI forward (spend any more money on LANI) and if they are sitting on their Phase III ready Vap, then it sounds like Biota is effectively not doing much at all in terms of Discovery. Okay, if this is the case, then perhaps they are able to release the shackles and become a Biotech investment house. The IP they hold is still worth something to someone.

Make the tough decision and cut a deal with DS on a fair up-front and trailing milestones for them to take over LANI ROW. Cut a similar deal with another big player on Vap.

It is absolutely criminal to think that this management could sit on its hands and do nothing while getting paid comfortable salaries.

Time to make the $80m in the bank work for Biota and its holders.

Suggest all holders email management and tell them we want to hear positive plans about how this company intends to make money moving forward - this is more important than providing detail about why LANI failed.