Evolution in Lateral Flow BBI, page-37

I admit to having had anxiety on the point of protection of the IP a long time back. But GC and Joe each assured me they had this under control. I had hoped that our legal team had them sorted, but the truth is if scientists get carried away there is nothing you can do. If they decide there is enough protection, and don't call the lawyers in enough, then it's not preventable from an investor POV.

There is no way as an investor you can do this kind of due diligence at arm's length.

The fact is that it's possible to solve a problem in different ways, and if they have done it a different way there is no breach of our patent. The issue about access to our trade secrets, know-how etc is another point. No way of knowing if this has been exploited or not. It certainly looks like it from a distance but we can't know for sure. ADO is hardly going to fess up to making a mistake in this area. The fact that GC is gone might be indicative, might not be.

I've moved into damage control thinking. Worst case scenario, I've backed a diagnostic company which has the state of the art tests in certain areas, and the capacity to roll out top ones in the future with much longer lead times. Anything in the battery space is a bonus.

Waiting, waiting waiting. Never mind. Coupla days.