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Is CYDY better off getting all of its ducks in a row (BTD's, BLA, approvals, etc) and THEN looking to move the whole enchilada, or make deals indication by indication? The latter sounds like A LOT more work and is far more labor intensive.

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I know nothing about M&A in this space, but instinct tells me that CYDY is more valuable to BP if it has all the validation -- but isn't saddled with deals like the one with V.