r&d spend - quarterly to 31 mar '13

I freely admit to having a science knowledge limited to "WOW, looked the water changed colour" ;) type stuff, but I can't help but believe MSB is delivering top class results (so far) for a relatively modest ongoing outlay on R&D - yes, its no-doubt taken years and the dollars do indeed add up, but when you consider other firms spend a million a day plus, we do OK - and if we can deliver even half of what we all hope, we do AMAZINGLY well!

As I understand it, it runs something like this:

i) IMVS/Hansen Institute developed the core of the technology,
ii) Itescu and partners (now MSB) purchased the "rights" to said technology,
iii) Scientists involved in "i" now on retainer to MSB.

In my opinion, like all MSB does, it's done "tight and efficient" and so far, delivers positive value.

Others please correct if I have any of the above wrong. All just my opinion and always DYOR.