RE:Howard and friends failed It's only been 2+ years since the contract was signed - the ink is barely dry!
Howard obviously didn't inquire how long it would take them to commercialize the TFC1067 into their product line. He must have assumed it was going to be a quick turnaround since he convinced the board that going with a minimal upfront payment was the way to go. Now that could be a double whammy if they don't move forward with the compound - next to no upfront and then possibly zero royalties! Normally a CEO would be shown the door for such an epic blunder - not at SBM they just continue to pay them salaries for their incompetence and lavish them with free shares and other sweet bonuses.