Hey sorry for the delayed response, I'm on vacation in the UK & Ireland.
I would normally agree with you about licencing out the tech, but only when a company has a core revenue producing market that they already own. With the U.S. being a dry hole for HTPG so far, it is leaving them entirely depending on basically subcontracted help to produce revenue. The major downside being, they have now signed off market sections in the world, with out a current revenue producing market of their own and if the "subcontractors fail to produce HTPG has to wait for the contract to expire to try again in that market.
Though in the words of Dennis Miller, "That's just my opinion, I could be wrong."
Note: being on vacation, I'm several drinks into my night, so I applogise for any typing errors.
