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BTA - Biota Holdings

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Re: BTA Biota - is this a bio?? :/

anyone got any idea where the court case is being held, i've checked listings but to no avail. would this be because of the sensitivity of it...400Million riding on it - a win would quadruple their annual profit - obviously would be a big thing for the prices. Should have been held last friday but haven't heard any news? Anouncement would be today?

Also, the news from the US is good for biota with pres bush planning to buy up big on relenza once production is upped...

would appreciate anyones opinions...

thanks in advance

powwww
 
Re: BTA Biota - is this a bio?? :/

Good news, finally Pres bush released his spends for the antivirals of 1billion USD. This is shared between tamiflu and relenza. Confirmations shouldn't be too far away ...days...weeks..

No one is following this one?
 
Re: BTA Biota - is this a bio?? :/

oh yes plenty are following this just this board isnt as populated as some other share discussion boards such as HotCopper. powww, you picked up at .60? Well done! Long term this stock should go MUCH further up but in the short term lots of ups and downs.
 
Re: BTA Biota - is this a bio?? :/

Still watching/holding some and trading it also.. think the little sell down the past few days has probably got to do with dissapointment and realisation that where not going to get a settlement.. (or at least it seems like that) sellings dried up alot. looking for a close up near 2.00$

rumour from another board of Australia stockpiling 2m doses.. that figure could be bs but QLD was said to be stockpiling in an article a little while back so thier will be some more revenue at least...

I still feel thier is plenty of upside a great one to trade 2.. cheers and gl
 
Re: BTA Biota - is this a bio?? :/

Also from another board...a rumour that a settlement might be close. OF course, only speculation for the immediate moment but it could explain why we haven't heard anything about the court date yet which should have been released on the 18/11/05...don't you agree?

"The demand and size of the orders suggest to me that the buyers are not retail investors but rather, significantly deep pockets who want this stock...and want it NOW versus a quite covert operation to accummulate the stock from impatient, weak hands.

Anyone in such a hurry must have the insider track... "
 
Re: BTA Biota - is this a bio?? :/

tarnor,

Where was the order for an Australian 2 million doses rumoured?

A News story or some place else?

& doctor funko - thanks was one of the better ones lately hope your right and it keeps climbing as i haven't been trading just holding this one. Kinda don't want to get caught with a big anouncement like the .50cent climb after the french
 
Re: BTA Biota - is this a bio?? :/

Another order that I am interested to know is the one from Holland. There was a rumour that was 5 million doses but Biota has responded to it on 12 Sept that the confirmation has not been received from GSK.

http://au.biz.yahoo.com/050912/38/92s4.html

I think this order has not been confirmed so far unless I oversighted some of the announcements. Can anyone confirm this, please? Thanks.
 
Re: BTA Biota - is this a bio?? :/

I think that this would already be factored into the share price - gsk are keeping biota in the dark without a light to bolster their court case and maybe improve their chance of a 'fairer' settlement according to them. Certainly anouncements will come soon.
 
Re: BTA Biota - is this a bio?? :/

Should be some movement today. Bit of publicity again for the avian flu and talk of a huge coverup in China.
 
Re: BTA Biota - is this a bio?? :/

"BIOTA Holdings will continue its mammoth legal action against GlaxoSmithKline after a period of compulsory mediation expired without a result.

Biota has filed for damages in the range of $308 million to $430 million, alleging GSK dumped the biotech's breakthrough anti-flu drug Relenza in breach of a licensing agreement.
...
...
Relenza has been revived with the stockpiling orders, which some estimates say could reach $US10 billion ($13.6 billion) over the next few years"

Read the full article "Biota flu row kicks off again"
 
Re: BTA Biota - is this a bio?? :/

I read that as stockpile orders for both relenza and tamiflu combined.. Seems a little to good to be true.

The 2m figure was just a forum rumour from a poster.. I'll let you decide how reliable that is .. its common knowledge that QLD health was stockpiling relenza though as it was in online articles sometime ago. i do not have the links..

My feeling with BTA is some short term downside as punters who were hoping for a quick settlement will be off chasing some quicker $$$.. I think it will continue to gradually weaken after news based price spikes.. A settlement I presume would have opened up the communications between GSK and BTA resulting in a clearer picture of BTA's situations..

This could go anywhere though...
 
Re: BTA Biota - is this a bio?? :/

Getting closer to a trial date:
Email from company today - "There is another hearing this week and the Court will review progress on a number of matters given that mediation has now been held, as they instructed.

At some point, we expect the Court will set a trial date. This may occur this week or at a subsequent hearing. We will advise the market when this occurs. At this time, we must let the Court do its job."
 
Re: BTA Biota - is this a bio?? :/

Been watching this stock closely all day - Each time the price moves up someone is selling 100 shares for a lower price amongst other interesting things happening ? Someone buys low then that same number appears on the sell side? Any clues why someone is doing this? Sure would like to know whats happening.
 
Re: BTA Biota - is this a bio?? :/

It is interesting to know that is happening but I have no clue why someone is doing this. I am more interested to know what is happening about the court case. Anyone knows anything about that?
 
Re: BTA Biota - is this a bio?? :/

Got the info on the court proceedings from a poster "rednblu" from SS, and the other post from a poster called ty.webb. sure they wouldn't mind as it answers your question - certainly.

"The "case" for Relenza is improving at the same time that the share price is weakening.

Market opportunities are made of such concurrences.

Once more, BTA is in an attractive buy zone. I don't mean to say this as a mere observation - I have bought again, and am talking my book.

I'm "stockpiling" BTA below $1.50.

I'm sure that this is a "risky" investment - but the risk/reward ratio seems eminently acceptable to me." ty.webb


"Yesterday Proceedings

Much of the proceedings yesterday revolved around questions of legal costs of the Application. Not very exciting stuff.

Primarily the proceedings were more in line of a Directions hearing. There were arguments on the speed of the discovery of documents by GSK. There seems to tons of documents (something well in excess of 250,000+ documents) that need to be considered and prioritised. BTA also requested that the discovery process be widened to include a larger number of countries. I guess the reason why BTA has requested an enlargened number of countries is to ascertain the sales of Relenza which have not been reported for various by GSK. Irrespective BTA will know next year what those sales are anyway as GSK has to under the terms of the contract to BTA

The end result is that GSK will provide 3 further tranches of discoverable documents in Dec 2005, Feb and March 2006. The minimum rate is approx 20,000 documents per tranch. GSK will also provide regular updates to the court as where it is at with respect to the discovery process. It should be noted that hearings can proceed even if all documents have not been discovered. This does happen in long and complex cases otherwise it could take years (decades??) before the case is able to be heard.

Next hearing date is 24th March 2006 which presumably will be to update the Court as to where the parties are at and provide further directions.

As to the question of costs of this application were to form part of the costs of the overall proceedings. " rednblu
 
Re: BTA Biota - is this a bio?? :/

I think it is likely we will not see a court date set until later than expected which is adding the unknown to the market. The market does not like uncertainty but at the moment it is an absolute bargain. Originally I thought next news wouldn't bolster the shareprice much now I think it is an absolute bargain and a unique opportunity to purchase. When news leaks - and theres plenty building this one will blow!!
 
Re: BTA Biota - is this a bio?? :/

Someone called gargar on another board posted this...It has been flitering to other boards with other people with relatives in the US confirming it! Someone else has claimed that it will be "a very large order coming out of the states, possibly 40 million doses of Relenza worth approx $120million to bta in the very near future..." The US is in hysterics about bird flu when this reaches aust tomorrow or later in the week the sp will go ballistic.


I am currently in the USA and was watching a report on the bird flu preparations in the USA. The Health and Human services minister confirmed stockpiling of relenza (and tamiflu) and said they were buying 'as much as was produced'. This was in the lead up to a special on CNN on bird flu...sunday night at 10pm (US time). If this is public news here, Biota will have to make an ann. soon.

Get excited

Powwww
 
Re: BTA Biota - is this a bio?? :/

Thanks for sharing the info, Powwww. I am always interested to know how President Bush will spend that $1 billion dollars on anti viral drugs in terms of percentage on tamiflu and relenza. Hopefully, the good news for Biota will be out soon.
 
Re: BTA Biota - is this a bio?? :/

Well Well Well BTA will we c it go above $ 2.60 It is a $ 4.00 stock isnt it
 
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