Matt had to set the record straight because of so much confusion caused by the Merger PR in January and the company tweet in March in which neither made it clear that the 50/50 agreement was solely on the patent and the patent product. Now, even though it was clear in the Annual report it's easy to see why so many got the wrong impression including myself. This is why I reached out to Matt in my email question and, to Matt's credit, he was forthright in clearing this up with me and now with all the investors in the update today. Considering, I do not think there was any kind of ulterior motive here by Matt or the company.
Furthermore, I think the selloff today was an overreaction based on completely unrealistic expectations brought on in a big way by this confusion and then also by the excitement generated completely by the investors, not the company. Anyway, it will bounce back: there will be news, BDCI will do well with projected revenues, and as goes BDCI so goes TGGI!
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