He has already committed and has signed a lease. The building is already built. He is going to build out 48,000 sg ft. MRKR is not going to own the building. The construction is inside an an existing building. He is starting now and his quote was the building will be ready next fall in 2021. What are we all missing. When done if he paid cash to build out and MRKR goes bankrupt MRKR owes nothing on the buildout and walks from the lease. I mistakenly thought MRKR might have a deal in the works etc. There must be 2 to 300 buildings in the area of Houston clustered together that basically all look the same. My guess right now Peter knows MRKR has the patent and the resulting clinical trials will will be significant for the therapy to be approved by the FDA and if he’s right he has the facility in place and ready to meet the demand of production and new testing. If it never gets approval MRKR goes under and all the board members are insulated from personal financial responsibility. Peter maybe doubling down on 11 against a face card and it’s much easier to lose the double down if it’s not your personal money your gambling with. MRKR goes belly up 48,000 sg ft build out doesn’t matter because MRKR can’t pay the rent. Everyone loses their investment in MRKR. Board members financially walk away. The only thing board members lose is their reputation in their field. It happens all the time. If he wins the double down away we go. If he losses it’s over and take your losses and apply them to your next tax filing.
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