Thank you. This is very valuable information, but it is driving me nuts. If they will not pursue the deal further, there is surely going to be an impairment charge. But if they are still thinking about the deal as (2) suggests, what else could the impairment charge be about?
The "buy up the IP" strategy is an ethically terrible strategy. For various reasons though, it hasn't worked to stave off competition. I think one reason is that "there is more than one way to skin a cat".
Funny post. If the shares created from the warrants were distributed to retail (us) that gives a lower chance that this thing will crater.