You are dead on and that’s exactly what I am thinking. Pharma will always pay up for a company that has an FDA approval. Remember Gilead and Celgene could have bought Juno and Kite earlier. They waited to see if there was early success with CAR T. Then they jumped on them. All to often in past, companies partnered or invested to early only coming away with egg on face. Big pharma has learned and changed their strategies. These companies have piles of cash and debt markets to make massive bids.
They are playing the waiting game, which has been tough for us.
Your theory doesn't have anything to do with logic. In most cases, the simplest answer is the most logical, and it is in this case as well. No one with resources and half a brain would touch this company with a 10-foot pole.
Umibe, agree with your logic. LP openly asked for help from BPs. She kind of said automation needs money. In other words, she is telling 'don't hold the pps, jack it up, I will sell it to you when the price can jump'. We will see.