"What makes the whole situation unpredictable is that if mN is promising,"
True, yet the real unpredictable situation is harvey. at his age, does he really want to to scrap the discoveries up to this point to start at a beginning with mN. taking more years to develop, with an uncertain outcome? what would that do for him? why with his wealth, would he want to continue logging in starting point hours? if he continues to try and dilute the company further, just for sake of not wanting to enjoy the greener pastures of his wealth at home, wouldn't the board and other higher ups see this as a reason for his dismissal? at harvs age, one has to be aware of his actions contributing to the companies health or his own personal agenda.
i do not believe denner is in it for harveys longevity. it would not be in an investors best interest to put money on a 60 plus year olds train of thinking, to get you to the promise land. the company has stalled for this reason alone (antiquated thinking). further dilution will put years on the companies development, being run by a 70 plus year old. no, i do not think denner, and any real investor want to see that taking place.
at some point, no matter where the share price is or what company you are, a buyout is always beneficial to the increase of that companys wealth. hopefully, ariads cohorts are starting to realize the time is coming to move away as a stand alone.
