RE: my apolgiesHey Beech,
A thought to ponder.
If you were trying to partner or sell a process to some other company, would you not agree that an apparent option to "go it alone" needs to exist as a bargaining chip?
I'm with you that it's not likely that BNC will "go it alone" with the MCC process. However, if all 20 bidders were to consider this possibilty as a realistic option, they would now need to compete with 21 companies, with the front runner (BNC) setting the height of the bar. BNC must be able to put this option on the table to raise the bar as high as they possibly can. However, they would also need to prove that they can do it alone. They would need some serious financing and/or capital monies to make this option viable. Therfore, all options all likely on the table at this point.
As a shareholder, I would love nothing better than BNC closing an MCC deal real soon. But I also don't want them selling the farm to get the cow. (especially with the wide spread e-coli situation) With 21 options to choose from, I do expect this to take a bit of time.
TC9