Based on my research of an exclusive license agreement you are correct. I would like to see more info from the company in regards to this. I would like to know how safe my investment is. It's one thing to invest in a pink stock with high risk/reward. It's another if the the technology can disappear overnight. I think the CEO might be the largest shareholder of the company so why would he do anything that could hurt the image, share price, or his potential reward. I am sure there would be a major fight from shareholders if he decided to run off with the patents. Couldn't it frighten potential partners or buyers. I imagine they could be included in a lawsuit if one was to happen. Is a sale even possible?
I think this is more than a fair issue to raise. I would guess it is a reason that the share price doesn't go up when there is big news. It would be hard to find new investors with this agreement in place. You have people holding on to their shares because they have no choice but can't find New investors to jump in.