With respect to the accounting treatment of our interest in Phoenix Digital it would appear they are headed in the proper direction now. With over 20% interest an entity is considered to have `significant influence`, and with MORE than 50% interest, a controlling interest. We have 50%, not more than 50%. Thus it appears the `equity method` rather than the consolidated method is proper. Note that the various treatment methods have been recently debated with new promulgations put forth within the last couple of years, so there has been some `gray areas` and issues open to interpretation. I attach hereto a link to 90-some odd pages of FASB Fin46 ``stuff`` for your nightime reading pleasure. A quick glance will give you an idea of the tremendous amount of highly technical issues being studied so that `proper` and better financial reporting occurs. There is no doubt that only the finest auditing firms will get all of these issues right all the time. Appearing that managment`s move to a new firm was the right one, perhaps they have again made a good decision - long term - for all stakeholders. I`m not worried; good night.

http://www.fasb.org/fin46r.pdf