The licensing agreement is signed? Coming back to Howard’ (CEO and Chairman of the Board!) statements in the last PR…“In anticipation of a near-term upfront payment as part of a licensing agreement…."
Is it accurate to consider that SBM is expecting – on a near-term basis – the upfront payment of an already signed licensing agreement….?
Otherwise, the wording should have been: “In anticipation of a licensing agreement …" or, alternatively, "in anticipation of the upfront payment related to a forthcoming licensing agreement…."
Please convince me that this approach is too speculative…
Haiduk
PS: the amount of any upfront payment is still unknown! Will it be in the range earlier mentioned by Attila ? I do not have a single clue!