Ann: Phylogica Signs Collaboration and Licensing , page-28

re: Ann: Phylogica Signs Collaboration and Li... Not sure about the movie thing. Are you saying they won't make a cent, they will make some royalties, or at the end you're talking about someone or something being taken out for huge sums. From my reading of your post you seem to be saying they will only be hired out as and when required, and that's it. Surely as long as they can achieve an income they are already miles ahead of mist biotechs. As far as I can tell income and low shares on issue are the main factors here. Can you clarify are you saying they will get no income from any if these deals, or what level do you see the future income at?