It tells me that a merger with TPL is just around the corner. Why else get involved in something that is not going to provide the reliable revenue stream that was talked about?
As soon as Swartz is done and at least a first USPTO validation is out of the way, I think it's a done deal. They probably explored the other alternatives and decided that the merger with TPL is the better route. You can only do so much with the limited $ that they have. I don't view such a merger as necessarily a bad thing, if structured fairly.
Initially, I was surprised that the Nupower deal didn't involve TPL right from the start as a JV? Perhaps not worth going through the structuring of a JV in light of the planned merger. Would that be a second clue? All IMHO Opty