RE:RE:Faith ShakenJ4P & Priceless,
"I would say settling on a poor low ball deal would be a very bad decision from management IMO, they would be best to take the PP and wait it out for a best deal they can get. "
I don't think this is an issue of RVX being impatient and accepting a rushed deal. BTD what, 10 months ago? They've had a lot of time to get a deal with BP finalized, if BP is interested.
"I am assuming this company has way too much potential to be off the BP radar."
I lean in that direction as well given the market value of SGLT2s and their expected growth over the next few years (combined w/ patent extensions), but I am a little concerned that the market has so fully discounted us. Combine that with kidney + glucose info and this has blockbuster potential.
Tax loss selling may be partly to blame for this week I suppose.
Doubters and shorters have been correct when it comes to this stock for a while now, so it wouldn't be a shock if they continue to be correct. At least by Jan 15th we should whether the PP went through or not, and that will be a good indication of whether we've been sold down the river or not, imo.
Trying to focus on BTD in major cardio indication, ORI extension + conversion of debenture, and the latest potential PP which RVX can back out of it if it's not needed. Together, these paint a decent picture but it seems like we are using invisible ink on our picture.
What was that Buffet said about being greedy when others are fearful...