SPIN: I wasn't trying to discredit you.
You did that quite nicely all by yourself.
I was just trying to be sure about it.
After all, you're the one who wrote this:
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the 2 most valuable things in a Wave buyout are:
1) $260Mil in losses that could offset other income
2) IP
howiever, w/TCG's RAND licensing, that only leaves the first item."
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Now take another couple hundred words of smart-speak to explain why the italicized passage doesn't discount to zero the value of Wave's rights under RAND licensing.