Top management, page-6

• 3 scenarios
• If Western Digital renew the agreement (due June 30) this late in the development cycle, take this as full confidence. Share price rises dramatically. Significant share buying occurs.
• Western Digital straight up offer a TO... Bingo. Maybe a counter offer comes in.
• last and increasingly less likely scenario is, Western Digital do not renew JDA and do not offer TO. Which unless an announcement says the tech is dead, is not necessarily a bad thing. Another player could come in and swoop (assuming the tech development is still worth being chased)