In my opinion the Company cannot place itself in a position, as the result of an NDA, whereby it cannot disclose material events. The requirement of disclosure, and the existence of an NDA are not necessarily in conflict. Stated another way, the principal interesta of the other party to the NDA are that the identity of the party not be disclosed and that the use/technology not be disclosed. Just how would disclosure of an OEM agreement, and nothing more than that, violate the NDA. In my view, that type of disclosure, while possibly inadequate to give investors the full flavor of what is behind Door No.1, will not create an environment where investors give up on the hopes that the Company really has some deals, which cannot even be disclosed in SEC filings because of NDAs. So, for these reasons, I do not believe that there are any deals which Ancor has made which have not been disclosed, unless they are deals that are in the current quarter.
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