no one trusts or believes you peter, page-63

The Reserve payment method is nothing more than a call option. For those who doubt this, the definition of a call option is: "An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period". In this case the commodity is Relenza.

I will be very surprise that executives who did not have the intelligence to accept a $100M settlement with legal cost at the most opportunistic time in 2006 would have the foresight or intelligence to negotiate royalties for "call options". IF BTA is entitle to royalties to call option then surely BTA would be entitled to royalties everytime a pandemic stock pile order is place instead of having to wait for the order to be fulfiled and paid. After all a contract of sale compare to a call option is like comparing a bird in hand to a bird in the bush.