PNV - Banter and General Comments, page-9654

Echo whytee. Also generally speaking companies don’t just go sell themselves when the shareholders have gone through the early hard yards where all the execution risk is, for a small premium of x% say 20-50%. If they are looking at a sale it will be further on in the journey when they can command a much bigger valuation than what it is today. Insto Shareholders that participated at $1.90 are not looking to sell for $2.5-$3.

Unless there is a major catalyst of change that impacts the business for example in high interest environment and the company is in medium term saddled with debt, balance sheet shakey - then a company might look to sell rather than wait it out. Polynovo is not in this scenario with a strong balance sheet and business performing in line with narrative to the market