You added the hothouse and lululemon connections and a need to consider this in looking forward.
I would add that potential investors should also look at Institute B. A new business incubator that very clearly preaches the importance of social responsibility in their endevours and their clients, would haved to be dulusional to take on a company like Valcent and place them at the top of thier client list, if the direction of Valcent was toward questionable PRs, questionable business practices, etc.
I guess we will see.
I personally hope we are past this company being as high risk as I read your post to suggest, but I certainly defer to your knowledge and expertise over my own:-)