It is not about what cash is generated this past quarter.
The announcements in my opinion will start very soon and more will come throughout 2012 that will be the defining year for ADO.
The Merck deal although not significant in $$$ is key to ADO's strategy IMO
This cash will flow into accounts from 2013 barring any upfront payments that would hit accounts this year.
I dont want to speculate but lets just say I am getting excited :)
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