RE: 2 Questions for longs..... The "Poison Pill" you asked about was announced a few years back...
https://bioniche.com/news_item.cfm?id=2120
"The Rights Plan is not intended to prevent take-over bids. ... The rights issued under the Rights Plan become exercisable only when a person, including any party related to it, acquires or announces its intention to acquire 20% or more of Bioniche’s outstanding common shares without complying with the “Permitted Bid” provisions or without approval of the Board of Directors."
As for the breakup concept.. I'm pretty ambivalent. For me, BNC is a stock, not a religion. If it's broken up and sold for a pile, I'll gladly cash out.