A REIT would be quite a mission change. I'm not that familiar with the health/medical partnership pursuits, and I don't know how those present agreements mesh with a REIT structure; unless they are all unwound or canceled.
The 2nd Qtr 10Q at ICOR does state that BPAC will be getting the tampon applicator one way or the other. How will that asset dovetail with a REIT? You got me.
I would not be surprised if an entirely new corporation is formed to absorb the REIT OR absorb the present BPAC assets to clear the decks and such under a new name for the present BPAC corporation structure. jmho
I do know the main investor/shareholders of both companies are very close partners and communicate thoroughly on all matters.
Both companies are struggling for revenue right now so I wouldn't be surprised to see more dilution and possibly R/Splits happening in the future.
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