We can't overlook that the press release says that Bevo was granted "exclusive worldwide rights" to the cubic farming technology. To me, that pretty much limits what Urban Barns can further license. They are pretty much limited to growing and selling greens (which is all they have done until now). The infusion of Bevo's one-time payment will definitely help our bottom line. Our best hope is that Bevo has great success in further (sub)licensing the technology and that this produces material royalties. It's difficult to assess the agreement's impact without knowing the amount of the initial payment, what Bevo plans to do with the technolgy and what the "royalty" terms are. For those of us that bought in for the future value of the technolgy let us hope that Bevo plans to aggresively market the technolgy. Bevo appears to have the resources to do so. In any event, we are still facing the impact of the reverse split. Reverse splits usually result in sharp declines in pps. In our case, I believe the news of the licensing and the infusion of cash without dilution will offset the split. What Urban Barns needs going forward is growing revenue. Good luck to all!
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