The bottom line though, is that Don/BoD, and some big investors "in the know" seem to believe that whatever value is being offered by BP (at THIS time) is not up to par with what they can do on their own, at least for the time being and a while longer. They also seem to believe that they can go longer on their own, if not completely to FDA registration, on their own ... or they at least see value in providing that "appearance" and position, at this time. I would assume updates and discussion will be continually ongoing with BP, with both sides using whatever leverage they possess.
Maybe a BP will get an itchy trigger finger as time, activity, results, and competition progresses. I would have loved a deal announcement, probably liquidate a signifcant portion upon the bounce, and also hold onto a bundle for BoM2 interim analysis. But, that's just not an option for me ... "yet"
And yeah ... it bothers me also that I am still in the club talking about "if" and "maybe" while so much cash is still parked in a risky RVX/Covid/BoM2 futures wager. But, obviously, I still believe it is more about "when" than "if" ... ugh