I think you are doing pretty well at thinking like NTI management and are probably not far off in your speculation.
HCTI is just a piggy bank, and if it runs dry theyll just smash it and take the last of the change. HCTI lost 34M and is 8M in debt, so obviously they can flush it at will.
... but I think before that they will try to pump up HCTI with PR's, maybe some insider buys and even some revenue.
They will do this in order to excercise the option to give NTI 77% stake in HCTI.
But win or lose, NTI management wins at the expense of shareholders.
"Here is my **pure speculation**... take it as such. When they are done collecting all of their money from this dilution machine, and actually want to start being an honest legitimate public company, they will probably just bankrupt this debt-ridden used & abused ticker, void the licenses, and start fresh elsewhere, or heck, just stay private.
NTI has the real goods, the patents. They basically set up HCTI as an ATM machine, gave "themselves" the licenses with this company, then fixed it so they themselves are "majority shareholder" so they can basically decide whatever the heck they want. RS? Sure, no prob. Take out more notes? Hey why not? NTI can never be touched, right? It's like doing whatever you want to yourself, but never actually hurting yourself, or accepting any responsibility. Who cares what the heck happens to Hybrid, right?
The F500 contracts... who knows what the actual contract writings say. It could have tucked in provisions where all future revenue streams and business arrangements could transfer to the original patent holder (NTI) upon HCTI license termination. Again pure speculation, but I'm just trying to get inside management's mind, and think what I would do if I was behind the scenes running this circus. Haha. Sorry if I burst anyone's bubble. Just some constructive conversation"