Half stated: "Did Abbott and or Inverness buy site unseen or did they perform testing of their own before they forked over millions?"
I was not aware that Abbott "forked over millions" for RECAF. If you check the filings, Abbott gave Moro $200,000 up front and one $50,000 minimum royalty payment. For some reason, the next minimum royalty payment was given away in the amendment signed last year. The Abbott contract contained a milestone for the completion of a feasibility study but RECAF was apparently not ever determined to be a feasible product. The feasibility milestone was never paid.
As for Inverness, they paid two payments of $500,000 each but there are no milestone payments as were in the Abbott contract so Inverness has not "forked over millions" either.
