Thanks again for posting info from the SHM. Was the question of how the market would value PTSC, until M&A, addressed at all? The license rates from each company has varied and therefore the quartery income has varied as well. The 2nd and subsequent tier royalty rates may increase in percentage but that does not necessarily mean that the royalty amount will in fact increase. In fact it is also possible that in some cases the 1st tier payments could be extremely high (incomparison to 1st tier payments from other industries) and subsequent tier payments lower due to the patents not being infringed as much. Other than saying that the share price should be higher than it is now, did they address this topic at all? Did pohl mention whether he talked to the street on how the company should be valued?

Thanks again!