Gates, as I have posted before, LPC is being used as a stop-gap at this point, the renewal could have been avoided with some effort and some cost to LWLG, but how much effort and how much cost? hard to say, but careful what you wish for, Poet went the PO route in late 2016 and got royally screwed, the info is out there to see the facts, in any case I believe Dr Lebby felt he was close enough to the deals (maintaining/updating revenue forecasts now) that the "juice was not worth the squeeze" to arrange a better financing vehicle as LPC has been used "successfully" to get the developments and IP done, so investors suffer now, but I still believe deals will be done by end of 2019 because of the following two items
1) successful R/T of PkM Gen 2
2) optimized 100gbs device PkM Gen 1 at 3V or Gen 2
I believe both of these are close enough to completion that the final result is already in the line of sight for those under NDA
Remember, it only takes about $6 million annually to end LPC "tappings" completely, this is child's play $$ for LWLG's Next-Gen enabling technology, and the upfronts for the LPC 3 year deal were small and prepaid, and there is no stipulation that LWLG has to take any funding whatsoever under this agreement, so it can be easily shelved once the deals are made to support the operating budget
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