When I say PTSC is treading water, IMO RG is protecting the cash PTSC currently has in order to fund the salaries of staff for their portion of the MMP licensing efforts and their own burn rate for a growing staff at PTSC with it's mergers and aquisitions. I don't look for RG to pull the trigger on any new deals until the MMP is on solid ground. I think he knows that could be some time yet due to the unpredictable nature of the USPTO process and the infancy of Crossflo and some of the other investments made. I think he knows it's going to take some time and he is going to keep the cash PTSC has, to fund this critical transition period in the companies history.

All the best,

Steve