No, it is an NWBO factory, which is depreciated. Advent has a lease for a small port for offices and to provide additional services to the third parties that NWBO is obligated to provide because of the regional financing. You misstate this relationship constantly because it suits your interests to do so. NWBO has the underlying lease and the right to extend it for a long period. They did a sale leaseback to free up financing and yes, it is all modular, so when they sell out they have more options. A large buyer may only want the facility for a few years. This is the value of a CDMO, but the facility and asset still is theirs regardless of your desire to confuse the matter. The license would never travel with a leaving CDMO, advent was licensed previously in their smaller facility to provide manufacturing to NWBO, that had no impact on Sawston. And when or if that contract is not extended, they have an obligation to help assist in an orderly transfer. It’s in the contract. It’s always in these contracts and it is explicitly in this one.
It has not been expensive. It’s commercial. There is no evidence otherwise.
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