Very many people have been believing the BPT conspiracy theory invertedva. It made sense and would not have surprised anybody the way BPT dealt with ADE and how much they would gain by taking out ICN with their 40% of 855 and the GSA. You never know, it still might happen.
BUT, BPT are just as anxious to prove up numbers as quickly as possible so they can start "dealing with outsiders" that they freely admit are completely necessary for THEM to develop 218 and 855.
I also reckon that BPT know (and been told) that it would be far more economical to develop 218 and 855 together and will be using the combined numbers to make their position as attractive as possible, thus, having to give away less when negotiating with those outsiders.
BPT are probably saying that they can have a go at ICN at any time, but must drill 855 and prove up their values ASAP.
Remember, if ICN's SP jumps if 855 proves o.k., BPT's will also jump, so, any scrip (it wouldn't be cash)takeover offer will be relatively the same as it is now.
ICN just happens to be in the right place at the right time. Hooray, at last.
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