Ann: Agreement for the Sale of Non-Core Mining Royalty, page-49

Although I agree with many of your posts , I disagree on this one.

Yes HP stands, in absolute terms, to lose nothing on the licence deal if the buds fail but there is another cost to HP in that could actually cost them much more.

Failure of Nuheara would reflect badly on HP since they funded Nuheara to do engineering work on the HP Elite Dragon Fly Buds . It would be a sign that HP completely failed in their due diligence in awarding the contract design work as well as completing a licence deal with a company that went bankrupt shortly aftewrwards.

This would reflect badly on HP management (heads would roll) and it would harm the HP brand. It is difficult to put a price on that but I would bet that it is more than $3M.

I don't think that HP will let a NUH bankruptcy happen especially so close to the FDA approval date of Aug 8 approximately.