BTA 0.00% 57.0¢ biota holdings limited

asx response

  1. 125 Posts.
    Our Ref: C20091172
    16 December 2009
    Mr C Roche
    Dear Mr Roche
    RE: Biota Holdings Limited (BTA)

    Thank you for your correspondence concerning BTA. Your observations in relation to BTA have been passed onto ASXMS Surveillance. We are currently reviewing the issues you have raised and making enquiries of various brokers involved in recent trading in BTA. If a potential breach of ASXs Operating Rules is found, further investigation will follow. Should any potential beaches of the Corporations Act be found, they may be referred to ASIC.

    On 15 December 2009 BTA was issued a price query letter asking amongst other things if it was aware of any information that wasnt already released to the market that could be an explanation for the fall in its share price. The correspondence was released to the market on 15 December 2009.
    There is no set rule as to when ASX will query a company regarding a price rise or a price fall. Every stock is treated on a case by case basis, depending on whether there have been any company announcements, broker research reports, media stories, etc which may explain the price move. To further understand the role of ASXs Surveillance Unit please follows the link below;
    http://www.asx.com.au/supervision/participants/surveillance.htm

    Thank you once again for raising your concerns with ASX.
    Yours sincerely,
    Richard Flynn Manager, Surveillance ASX Limited

    The information contained herein does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any investment or financial decisions. Although ASX Limited ABN 98 008 624 691 and its related bodies corporate ("ASX") have made every effort to ensure that the information contained herein is accurate and reliable, ASX does not give any warranty or representation as to the accuracy, reliability or completeness of the information. All ASX information and correspondence is intended for the exclusive use of the addressee, and must not be used or relied upon by others. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted, or from anyone acting or refraining to act in reliance on this information.
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