opc: "8k's are for material events. a licensing company issuing a license is not a material event unless it involves substantial amounts."

In general that might be true and fair, but not in a company which never publishes projected revenues/earnings and never gives guidance other the 'doom and gloom; boilerplate in the SEC filings.

Pretty much ANY income is arguably a material event in that the income flow is sporadic and unpredictable.