North, as for China this is one way for an easy deal to bring quick monies into the PPHM coffers.
A deal handing China rights to a BP in exchange for supporting higher much higher pps PPHM
Expand Avid and manufacturing rights held with Peregrine/Avid for all of China
Ronin group must realize to deal with Peregrine after they are funded means lost leverage and Ronin group "backers" seem awfully antsy to hurry things along ...