Or the lack of transparency surrounding the sale, since the bidders stay well hidden until the actual sale/auction. And, of course, the auction is closed to outsiders.
Based on my previous experience with different BK plays, no news means that bidders don't want to be name or a lack of transparency which would explain why the selling pressure today. This drug is unique and can sell over 100 Million per year easily with the right marketing team from a Big Pharm but not with the #@$#@%* at Savient. Let see if we get news in the afternoon....
PS: If no bidders or lower bids they would have already cancel the auction.
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