RE:Vantive In Play"Would they view doing a takeover of Spectral as a win-win with very low risk? "
This is where the issue of Spectral withholding interim Crude Data becomes the issue.
Without disclosure no buyer can know how low of risk it is. This is good for Baxter/ Vantive as it keeps PMX hidden- but not good for Spectral/ shareholders.
"If they don't buy Vantive but do buy Spectral they would have that strong cashflow with Vantive doing all the heavy lifting for them."
This is true. A Private Equity could be very interested in buying a lucrative, passive income where Vantive does all the work and they collect checks. Great for Spectral, but Baxter/ Vantive would not be happy with us selling that off- see Baxter pushing for Spectral not to release interim Crude Data.