To the best of my knowledge there is nothing keeping the company from getting another report from Pellegrino and Associates to give a current valuation if an offer to purchase was made. The $100+ thousand it costs for such a thing will provide a much better yardstick from which to measure our value. The executive surly has a solid handle of what the present value of the company is and looks like into the near future. They would also be acutely aware of the valuation tools available to ensure a potential suiter pays fair market value. In management we trust. Derekwpg