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moosedogger

08/24/07 1:50 PM

#8470 RE: DewDiligence #8462

and also, when a "development partner" (most likely a BP in this case) makes an equity buy-in, they usually pay a substantial premium to the current stock price.

The steep discounts seem to be reserved for PIPE transactions.

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upndown1313

08/24/07 2:16 PM

#8474 RE: DewDiligence #8462

Thanks to Dew and others. My idea was obviously not correct, but certainly the concept of an equity stake by a BP is something we would look foward to since as it shows a high level of commitment.