After reading through the "single cell" posters came the, "stating the bleeding obvious" bunch, and surprisingly only a few of the all-knowing Captain Hindsight crowd. Thanks to all of them, but mostly thank you iggy button.
It is plain this is bad. Duh. The question, for me, is how this plays. That's the future until September, which must be defined by a strategy based on what's known today. The childish ignorance of some is their haste in ascribing blame without any, none, zilch information on the talks between CYP and FUji. (It's these folks, and those whinging on about needing to better know CYP's position, that know nothing of negotiation, and everything about instant gratification --- who wouldn't love to play poker with them, "Can I see your hand?" I'd ask. They essentially want all the negotiating details of CYP's strategy (Remember to bring a crying towel for them!))
Here's what it is: FUji proposed a crap deal, CYP said "No," and an extension went through.
The consequences of a crap deal would have the same "single cells" nattering their same negativity, ie. CYP gave it away. If the science science works, rigorous trials says it does, then the stand-off is: Fuji money v CYP IP. World class, disruptive IP, demands a world class deal.
A careful examination of CYP's treasury will reveal their capacity to hold off FUji while moving CYP forward in science, and perhaps entertaining another suitor(s). If CYP were to have a CR (Shhh, I can hear the whinging now) it would put them in a superior negotiating position; remember. money v IP. The t/o thoughts have some merit, bleed CYP then swoop in, although a hostile bid puts CYP into play, meaning Bidding War is on the cards.
This was always hardball, to think otherwise would be to insult FUji. In "Rising Sun," I reccollect Michael Crichton wrote/quoted in Japan, "Business is War." It's FUji's culture, if I know this, CYP certainly knows it better. Therefore this is business as usual, a brutal setback that may, MAY, offer opportunity.
Trade accordingly.
OV
PS Time for a little fiduciary research.
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