No its means the company is inept in negotiating a good deal. We hire high power personnel for M&A activity and they can't deliver. It's that simple because a good negotiator would have multiple partners in the fold and be able to use leverage against these companies to get a good deal.
They should have Investment Bankers and other sources also scouring the landscape to find a good deal. PPHM should be talking to BP's, VC's and other companies who might be interested in leveraging these assets.
Its pure BS that they can't cut a good deal and our being low balled by their potential partners/acquirers. I've been involved in M&A deals in high tech, so I know how it works. If BAVI is as good as everyone thinks this would not be a hard deal to get down. Multiple partners leveraging one against the other, while also looking at smaller collaborators and other avenues to lend more creditability. I told you before these buffoons don't get it and they are trying to take on the giants who control the decisions in this industry. Calico or another big player from the outside would also be fine because they have clout. money and connections to combat a BP raid.
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