Key issues for me; The annual run rate of qsf payments when the...

Key issues for me;
The annual run rate of qsf payments when the buyout is triggered, this is a calendar year run rate I think
Best result would be for them to get as close as possible to 45m usd in 2016 then really hit the ground running in 17 to have the maximum qsf multiple in the buyout plus receive the cash for that year
When I have time I might run through the sums on this, ie current balance, where it needs to get to etc, unless of course someone else wants to do it
The next issues are around the Siemens products, obviously sales rates, us approval etc
Then it's delivery and r&d spend. This is a massive issue, traditionally they have underdelivered and overspent
Spend will be very important to monitor