In March and April 2007, Phoenix Digital entered into licensing agreements with aggregate proceeds of $22,140,000.

+ 

 License proceeds of $2,920,000 relating to an additional license agreement signed in February 2007 were received in March 2007

makes 25mil $

+ Nokia let us say 20mil $

45mil.for phoenix digital : 2 PTSC revenues 22,5mil$$ now :400mil shares out 5-6cent befor tax and fish 4%

PE 20

fair pps is 1,00$-1,20$ and this guys we will see sooner or later

forest