Jessme,
No bidding war would take place in public first of all.
Second, PPHM wants to have as much completed data as possible before striking a deal. The more proof it works the better the deal.
I am hearing that no longer is PPHM trying to draw the attention of BP to them. They are now getting called on by the BP's asking to see what they have. That is a big change from the past.
The R/S is not off the table, but if they do it, it will be for all of the right reasons and backed up with signed deal(s), institutional ownership etc. I hope Halloween will not be too scarry!
Things are different in Tustin these days. Look for deals to be done by region. That keeps anyone from shelving the drugs.
ALL IN MY OPINION
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