can be found here
http://whalewisdom.com/stock/bota : just make sure you nominate the 31/3 quarter
Sellers were Baker Bros, FMR, BVF, JP Morgan, Goldman Sachs, Venbio
Buyers included krensavage, ra and senzar topping up their initial purchases.
Broadfin and Clay (East Hill) were unchanged. There is a wider gap between these top 2 holders and the rest, I think.
What does it mean? I guess some of the bigger players who were in and are now out might have a more persistently negative bias toward the company in its future pursuits.
East Hill confound me. They have lost so much money on this company, and share that experience with all long holders. They must be easily placated. Broadfin have the capacity to become activist, but I wonder if they would here without a bigger stake.
The newer smaller entrants this past quarter might argue that the cash backing protects them from further falls from this current very low market cap, as does the small but steady royalty flow. Some truth there, except that groups they would expect to sell to in the future (see sellers above) may have had their fingers burnt.
Some avian flu around in US poultry, keeping the subject in the news.
The market is telling shareholders that it affords ZERO confidence in the prospects of this company. Why? I don't believe it is an assets issue - there are hundreds of companies with far less assets (and certainly far less than cash) trading at multiples of BOTA's current price valuation. Must be the Mgt/ Board. The market it seems has no confidence (trust?) in our Mgt and Board. Is that unjust? Frankly, I don't give a toss. We are each of us judged by our track-record. We do not owe these people a living. I do think that unless we, the shareholders, organise ourselves to initiate an EGM replace our current millstones, we can kiss goodbye any hope of recouping our investments, let alone any return we may have hoped for in the past.
ReplyDeleteWith the assets and cash this company had prior to its US relocation, the position we now find ourselves in is bloody shameful. Sadly, those that have got us here are shameless. So, as I see it, either we shareholders say enough is enough or we suffer the consequences. Time is fast running-out. These buggers have had enough chances.