... "The huge insider ownership may present a conflict regarding a potential BP acquisition." ...

Koo, why do you say that? It would seem to me that having fewer & large stock holders would make it easier to negotiate and come to a majority or super-majority consensus, for selling, CVR, partnering, etc? Unless it is the "make up" of the large share holders, or differing goals among them, etc. Is this a structural deal making concern for you, or more about the make up and philosophical differences of those that would need to come to a consensus?

I may be completely missing something though?