Caintwait had the description of what I was thinking. Currently PTSC is allowed to by a certain percent of average daily volume or something like that. They can only buy so many shares. But a fixed price tender offer would give them a method of taking out a large chunk of outstanding shares. Remember how they have issued millions of shares to assist in mergers and acquisitions or just to keep the doors open? With MMP licensing funds coming in, they could reduce outstanding shares before paying dividends.