BBP obviously caught up in broader negative sentiment on the market. However, in the back of my mind is a concern that BNB may have insight into the bidding process for BBP, which is then a factor in the negative net asset calculation for BNB.
However, an alternative theory is that BNB are trying to delay their negotiations until bids are final for BBP, which may in turn put BNB in a stronger negotiation position.
Let's hope the latter!
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