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Re: geocappy1 post# 174234

Thursday, 04/24/2014 3:15:08 PM

Thursday, April 24, 2014 3:15:08 PM

Post# of 345554

Pretty clear what happened. Es put together a company (with PS buddies on the Board) hoping to stumble on some science being hooked up with Epstein and Thorpe. They stumbled upon some bigger science than they imagined.

It was clear when they cut Epstein loose and hired SK as CEO that they were going all in on what they stumbled upon. In a way, I understand why they did not want to bring any outsiders into the inner circle until they totally understand just how big the science they stumbled upon really is. IMO it keeps getting bigger so they keep hanging on in fear they will error and let it go too early as they almost did for whatever deal Abvie was offering. Maybe they feel they got lucky when the errors delayed them long enough to find out the MOA is even bigger than they thought. Now they had to to recalibrate and make sure they do not screw this thing up by not being aware just how big what they have is.

They do not feel the risk to hang on longer because they aren't really risking that much. They get to collect salaries and options with little risk that the company will be less tomorrow than it is today while they are collecting. They just have to not make any major mistakes like giving away the company too cheaply or doing a partner deal that causes them to lose development control.

I think ES wakes up every morning thinking I can't believe we stumbled on something so big and I want to be part of the eventual legacy.

Your thought process there sounds very plausible - IMO. Having said that it takes people with insight to realize what they have stumbled upon. I for one am glad that Management / BoD have "stumbled" upon BAVI. In due time they will "stumble" upon a deal too. I love these "stumbling", "greedy pigs" on the PPHM BoD wink
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