What's the thoughts about this type of language in the announcement?
"Laitek will now work in good faith to deliver between US$3-6m per year"
"This represents an opportunity for revenue to Enlitic of .."
As the disclaimer states it is just a binding MOU - but is a precursor to an actual agreement
"The MOU, while binding, was not a complete expression of the necessary terms between the parties, but
rather, established the basis for developing a definitive agreement or agreements and/or amending existing
agreements between the parties to establish such a complete expression of necessary terms."
Is it anticipated that there will be a formal arrangement with actual terms, or just continue in a 'temporary' arrangement ?
Ann: Completion of Financial Requirements under GE HealthCare MOU, page-7
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