RE: Investing in BPC25 Aug 2018 17:03
Kapkina, we do not know for sure 5 others are “knocking at the door”. It is likely some of them have moved on, lost interest, taken other opportunities or have now simply been put off. We forget, the industry and these big CEOs talk, so whatever went on the jungle drums will be beating as to why no deal was made...which ultimately may well be very bad for bpc. My personal opinion is if some form of deal was offered then it would have to be issued via nomad. It wasn’t so nothing ever offered imo. I think we are clutching at straws if we expect another major to just “pop up”. Doesn’t work like that on these size of deals, and any other major would need to start new DD (good 4 months). My opinion is telling me that by 1mil shares will be down under 1p each come end of September with no real price recovery news until a full deal is announced which may never now happen. The $1mil will be eaten on legal fees (and other now abortive legal costs already spent over the last 4 months), MC fee, staff. 3 months = deal somewhere else or dilution but that would be huge