Re your thoughts about QMA and shipping QD - my take is that through QMA we get both renumerated for the QD on the front end and then share in the profits of the product on the back end, so there is greater potential than just QD "sales", in that the value of the QD in the product is shared. That is why we are splitting profits 50/50. It is a form of royalties.
Re the risk of IP theft in China, well, that would be true anywhere nowadays, not just China. We can't just stop doing business. Because we have the JV, GTG is actually going to be strongly protective of the partnerships IP because of their financial interest. Frankly, I would be more worried if we tried to do business there without a financially strong, well connected partner.
Re your comments on Squires, LOL, I agree with you except for your animal characterization.
I have said he had to wait for the market to catch up to him. I would also say he doesn't do anything small. He has always had the vision.
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