trade secrets and know-how I reckon. there'd be a body of...

trade secrets and know-how I reckon. there'd be a body of improvements on that plant and process that isn't in the public domain. it's the product that differentiates so it's catch up from here while ANO grow market share.

a lot of university researchers aspire to patent IP as a career milestone whereas commercial enterprises might not bother if they're keeping the IP in-house (ie they're not on licensing the IP or selling a product that can be reverse engineered).

wherever these inquiries are going, first and foremost, a lot of backers have identified Lev as an incredible capital allocator. not so easy to find nowadays. don't discount completely the likelihood that he finds new applications for that process beyond those we're talking about today.