the merger deal is stuck, page-11

IMO, the merger deal is intened to be the best interest of those people like PC. PC will get about two millions of free shares after the merger gets throught. So, maybe it is this reason the management tries to push throught this merger even at the cost of existing Biota shareholders.

The biggest problem now is not the deal itself, but the ability of the current management in making deals in the best interest of Biota shareholders. Once again, it proves PC's ability of making commercial deals.

Just my thoughts.