I think you're overestimating the urgency on the p
Post# of 72440
(Total Views: 359)
Posted On: 02/18/2018 9:53:27 PM
I think you're overestimating the urgency on the part of BP. BP knows that the minute one of them makes an offer, Leo can go shop and a bidding war will start. It's in every BP's best interest to wait as long as possible to get as much information as possible. Then, when the time comes, the auction will begin.
BP is risk adverse. They'd rather pay up big in a bidding war for something they're sure of rather than be early to the party but risk failure. Heads roll because of failure, not for missing out on success. This pipeline may be "once in a lifetime" for us IPIX investors but there's always another drug to buy and develop for BP.
You mistake our position at the table. The guy (all dozen of them) holding the $10B+ is in charge. I suspect we'll get our fair price because Leo is a shrewd and skillful business man but it will be on BP's time line. The ones that don't buy IPIX will buy the next next Regeneron, Receptos, Juno, etc.
Go IPIX!
BP is risk adverse. They'd rather pay up big in a bidding war for something they're sure of rather than be early to the party but risk failure. Heads roll because of failure, not for missing out on success. This pipeline may be "once in a lifetime" for us IPIX investors but there's always another drug to buy and develop for BP.
You mistake our position at the table. The guy (all dozen of them) holding the $10B+ is in charge. I suspect we'll get our fair price because Leo is a shrewd and skillful business man but it will be on BP's time line. The ones that don't buy IPIX will buy the next next Regeneron, Receptos, Juno, etc.
Go IPIX!
(0)
(1)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.
Scroll down for more posts ▼