Goodie, have you done any research before posting these comments? The same question applies to anyone who upvoted you. Are you assuming these patents are only relevant to the Hadrian X? Have you considered that they could be highly valuable to other companies, even if the Hadrian X doesn't proceed (which it will)? Also, if what you are saying is true, then why would Fidelity be willing to provide $532,000 to support FBR? And why won’t the board simply postpone the meeting to properly address these questions?
If your research proves that the patents are worth $30 million (the lowest estimate) , would you support asset-backed financing over further dilution?
In lieu of you doing your own research, there is a table below summarizing the information. I can also provide you with the line-item detail if you would like. What action will you take now?
(20min delay)