He does not want to sell low but may not have a choice if they are the only game in town (GILD). Nadar cannot go it alone. The infra structure to go alone would cost 10's of millions in capital/dilution. Additionally, Nadar has no experience in commercialization...it would be a disaster and a night mare! He has to sell this company and for the shareholders sake, at an equitable and fair value...5 to 7 minimum, 8 to 10 preferably. will he take offers post BTD and Adjunct (if approved)...or wait another year for Mono results (taking a chance on a tougher approval landscape...risk/reward...along with obviously more dilution to complete Mono. If Mono comes to fruition, Nadar wins the bet, if not, dilution for nothing!