This isnt the MM playing games, or some big gun pulling phantom bids, this is the company raking shareholders over the coals.
The rehashed F500 deal is so contingent as to be near meaningless.
Competition from other non-isocyanate products exits, and will continue growing. Look at PPG, and others to increasing go green. The HCTI patents will prove meaningless if there is enough demand for product.
The only way HCTI gets left alone is if the market remains tiny, which it may until there's more restrictive legislation.
The world may desperate need this product, but it doesnt desperately want the product yet. If there was so much pent up demand, why have we not seen blockbuster sales in Europe. Why has HCTI spun its wheels for 4 years and lost $29M
If this was a game changer, PPG would have never received the DOD contract to develop non-iso processes. This company had promise, but it is quickly evaporating as management seems only concerned with lining their pockets with investor dollars.
