Dyadic International Inc (DYAI)

[tykundegex]

Actually I don't disagree at all.. I looked closer at Luina and the agreement and this one seems pretty small indeed. As best I can tell, Luina is not a heavy hitter, but may want to use C1 as a springboard to put them on the map. The terms of the agreement gives them 1 year to have started using C1 in at least a trial, so they're not expecting much revenue from this anytime soon. Nevertheless, to have given away 20% of company when they could easily have kept 100% and used a CHO line... shows they find tremendous value in it. But that's still hypothetical.

I heard an interview recently with the CEO where he acknowledges there's still a credibility hurdle to do big deals with BP, which is why they're spending some of their own funds doing things like the AAV tuning, and humanizing the cell-line. If either of those initiatives is successful it would be a game changer. Without them, they may just continue to keep signing small/mid-sized deals and start to see revenue streams grow. Still, a compelling stock to be in at these levels.