RE:RE:RE:RE:RE:RE:AnticipationAs clarification, NDA's are typically signed by the party recieving the proprietary information i.e parties interested in taking a look into QNC's technology to see if there is a potential fit --- though there is a signature line for the provider of info as Agreements are between two parties. NDA's are to the benefit of the party supplying the sensitive material - generally at least, enticing them to expose their "secrets" to the outside world. NDA's are typically provided in early stage deal making. Confidentiality Agreements tend to be somewhat the same (or can be hybrid), but are signed by both parties that have an intent to complete a transaction, but are undergoing final and often more expensive stages of due diligence. Both parties require a Conditionally Accepted Deal Agreement in place as the interested party doesn't wish to conduct extensive due diligence only to have another party sweep in and take the deal out from under or have the vendor back away at the11th hour and for a couple other reasons. The Conditions, that must be removed to transact, can favour both the Buyer or Seller depending on circumstances.
QNC could well have a Conditionally Accepted Deal in place on top of the NDA's. Just my hunch, but time will tell the story assuming EPO cooperation. Awaiting EPO acceptance makes sense as having same allows QNC to make a far greater statement with their first deal than it would be able to do with a USA ony based deal. "First Mover" gets a solid push from behind if not confined to a regional transaction. That is why we wait on the EPO imho.
quantumtrader wrote: If you're asking why we haven't signed any deals while waiting for the EU patents (and other patents), then that's wrong. Mgmt has been clear in saying they've signed multiple NDA's, which are likely contingent on getting certain levels of protection (no multinational will buy your product unless its protected, but it's very common for them to sign these contingent deals). It should be noted that Canadian ventures, by nature, move extremely slow for a variety of reasons, so patience is needed, but comparatively speaking QNC is moving very fast. In good time, the "execution" we all desire will come.
A better question to ask would be why haven't we signed with a small American company while waiting? To answer that, it would be similar to putting money in the pot but only knowing half of the cards in your hand. I can only guess that mgmt won't (and shouldn't) make any moves without knowing what sort of protection they really have. Refer to "First Movers Advantage", too.