Back in March/April of 2015 Don did was quoted by Bloomberg, (going off memory here) saying he was in discussions with more than one BP player and that he wouldn't "let it go" or words close to that...for anything close to where they were trading at that time, which was in and around $2.50....again, that's all going off memory but I think I'm close if not right on.

So if $2.50 wasn't close to what he thinks the real value is....then $2, $2.05 or $2.20 obviousy wouldn't be close either....

Take note that in the PR it says there was demand for "up to" $10 million of equity units....so it seems likely that was the level of interest B&B was able to generate.  Don could be between a rock and a hard place here....the wolves might not have been at the door, but given the financial disclosures to date, if they're not at the actual door....they have to be close.  

We're down 20% on the day at the bell.....have a good weekend.  I'm heading out next week for a little vacation time....