Well tomato tomato, you know what I mean. Their contracts always have some small unclear wording. They could have said Upon establishment and funding of the Joint Entity, the JE will pay GNBT $5M upfront fee. But we always have to guess at what it is supposed to mean. Thanks for clarifying that better than the company does!
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.