RE:Collateral damage I am unsure the game is over as you say. They have several viable options. I only outlined the two I see as the most probable. They could sell Lac Knife for millions up front and a development royalty when fullly operational. It will take years to realize yet it has the potential to become an ongoing revenue stream. Grafoid should do very well when they are publically traded. They have a few products ready to compete in large and growing markets. They have market leading potential. FMS could sell those shares or there is always a chance a wildcard that Grafoid chooses FMS to go public through.
The original BP was to develop Lac Knife I do not see that happening any longer. For me hiring the new ceo solidified a new direction for me.