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Tuesday, November 26, 2019 6:34:46 AM
BP, barring a bidding war, would not pay more than 20 billion IMO running various models. JT and board probably does that, but maybe not, maybe BP won’t go above 15.
Then you are into a BO with milestone payments which nobody really wants to do but may have to and now more complicated, complicated deals are hard.
So though BO logically is the path they seem to be heading towards it just may not transpire so they need to do everything they can to execute sales ASAP.
Good thing is management has hit on almost every decision the last year plus though I still question the amount of the last raise as cash flow should be positive next year but I get putting yourself in a good cash position. Otherwise management has proven itself very adept so far and whichever way it goes I have faith in them.
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