I think the Preferreds not going through by a small margin is making things more difficult. A deal on a non-voting stake would have made a nice safe "instant" slot for a potential partner that is actually interested in a win-win and not trying to take over.
Now any licensing deal is more likely to involve a lot of hard bargaining over a longer time frame since it puts the potential licensee in more of an adversarial position. (Or so one might theorize.)
Maybe another vote will be tried again at some point...