Ann: MX1 - $15M Strategic Investment and Collaboration, page-24

Correct, there aren't any royalty payments but if Varex sells a product with the multi-emitter then they'll need the generator from MX1 which they'll pay for. So in effect, yes they make money if Varex sells products developed off the back of the IP that MX1 created.

Comparing deals is in a large part a useless exercise. Companies are very different, produce different products with different applications and operate in different industries. My opinion on if that is a good deal or not would be worthless as I don't have a background in Mergers and Acquisitions and you haven't stated what the company was, what the product was, or who they negotiated the deal with.

If you look at the list of directors for nearly any company, there will be a long list of lawyers. Directors operate businesses in a legal framework, negotiate deals as well as comply with government regulations. The background of the MX1 board is very balanced, with people from many backgrounds and all are extremely qualified.

But if this isn't the company for you by all means sell, I'll buy your shares.