value for money board

Are these clowns mathematically challenged or or do they think shareholders deserved to be treated as fools?

From AGM Address: Page 15: “Quoting Peter Cook: Cash Positive year (after capital items) with $60.2 million in cash at 30 June. End of Quote”

Is this idiot intending to confuse shareholders with his selective used of words or is he mathematically-challenged?
FACTS: Cash at 30 June 07: $62.0M. Cash at 30 June 08: $60.2M Cash positive year?? A Typical Peter Classic

Page 2 Paragraph 4 QUOTE: Your Board is particularly concerned with BTA share price at these levels. With CASH REPRESENTING 34 cents per Biota share End of Quote”

Facts:
Page 18 Line 1 : “Quote At the end of September our cash stood at $55 million. End of Quote”
BTA announced on 14 Oct 08, there are 174,563,999 shares.
Therefore cash per share is 31.5 cents

Shareholders should be also be alarmed by the “underlying cash burnt rate".

Cash on 30 June 08: $60.2M
Peter Cook’s settlement of $20M was RECEIVED from GSK in August
$4.95 M were spend on share buyback ($7.953M less $3.0M in 07/08FY)
In the 3 months from 1 July to 30 Sept, Peter Cook and his mates burned $20.25M cash ($60.2M + $20M - $55M- $4.95M). Put simply, BTA burned $6.75M cash per month for the 3 months to 30 Sept. At this rate, the cash balance on 31 October could be between $45M to $50M (25.8 cents to 28.6 cents)