The pot needs a good fire to boil. Watching the pot is irrelevant.
Giving money away is like depriving fire from fuel -- reads like "we do not have any idea how to multiply those, so take them". Then, why the shares should be traded at more than the book value. We should be glad the price is not much lower.
Although above concerns, I still believe the company has value of the IPs not accounted in the book.