Ann: FY18 Earnings Guidance Update, page-39

Agreed re the value of manufacturing license, market has made that clear for a long time, yes it brought us Soco but that also has been shown to provide zero value, real or imagined.

Their next update better state they received approval for the new model when they originally expected it, if it was delayed and that comes out having been no update the market will show us how it values 'dishonesty" or "non-disclosure", I'll give you a hint, it would be worth much less than a worthless manufacturing license