A licensing deal is not a tangible asset. A purchase is a liability since hes borrowing to do it.
See hope, it isnt that I wish for any influence to the pps. I do wish you were right. But when someone say this great thing is happening I look things up. When I find a flaw in the plan I ask questions. When the answer is avoided a red flag appears. Red flags mean either I missed something or you did. Questioning this a "wait and see" answer tells me there is some wishing for a price influence.