you are correct on part of that. behl is going to grow, harvest, and process product for biocen, so they are in the business of selling algae. thank you for correcting me.
but the 1st installment that is due in september is part of the 600K licensing agreement with biocen. would not that be considered revenue??
also, and i may be wrong with this way of thinking, but aren't they going to set up other individuals/companies with pbr's in dvj to sell algae to biocen and others? i can't imagine that they have at this time, enough manpower available to produce enough algae to fulfill the existing contracts that they have. i guess that's where i assumed behl would be selling, setting up, and maintaining pbr's in dvj.