JV sounds great until BP say we'll tip in $80m if you guys can do the same,, ohhh you don't have that???
And we'll tip in the IP.
Or "As the major SH we have decided to replace 3 BOD members with ex BP"
That assumes a takeover situation, and a takeover must be approved by the shareholders. And as we know, the top 100 who own some 60% are mostly not going anywhere soon, unless they get a good payout up front, then maybe. In fact, I imagine the majority of the top 300 would have a similar attitude. But perhaps a licensing deal and some formula for takeover down the track is the better way? Either way, a full takeover will, I imagine,be the final desired endpoint, but down the track when more has been tested on other conditions like Alzheimers, Parkinsons, htlv, covid, cancers, not tomorrow.
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