Lerner wrote: Realistically, I don’t think anyone will want to buy a license until we at least succeed in our experiment. At that point, someone might, on the assumption they could get a better deal than after the prototype is developed and everyone will want a license. This is a possible route to financing the more expensive engineering phase.
Thank you! I have been trying to make that point: licensees won’t pay for a pig-in-a-poke; that’s what investors are for! :cheese: 😉
