That's what I initially thought. Then I came to my senses. Assuming that IBM is dumb and " missed that part of the license" ( bad due diligence) or assuming they are nice in biz when they can simply convert vivisimos note and sell enough stock to squash this thing for a tax write off is a weak assumption IMO. However , I would assume the CEO knows if IBM wants the piece of license and why buy other companies if this is the case. Striking with a speculatively inflated stock price to buy some revenue is apparently more the case. And hey this thing has needed revenue bad so it's only rational to be opportunistic . Hope I'm wrong but stocks don't come down like that if on the way to a buy out. They do when somebody learns the opposite. Looks more like this is gonna try to go operational. Really hope I'm wrong and that this dead cat bounce gains traction coz a lot of the stock bought in this deal was not speculating on operations. JMO