Definitely appears that there is a strategy to it here!
Strategy #1. So, it looks like it'll be a friendly takeover with, given the recent low share price financings and conversion on the part of these Chinese groups, a minimal premium to the market. If that happens, there will be a lot of my associates who will feel very burned and cheated!
Strategy #2, this is designed to put maximum pressure on BP to make their move before this company and its technology becomes the property of PRC proxies!
Hopefully, we can find out out soon.
