It's not required. If we had a term sheet, they'd say so as they had been. They didn't suddenly just say "let's not mention it anymore so we can burn the shorts and evil MMs that are manipulating our stock when we announce our huge deal with XYZ". I know some folks think that but it's silly fantasy.
...”From time to time, the Company may be party to various indications of interest and term sheets and participate in preliminary discussions and negotiations regarding potential licensing or partnership arrangements. “
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