Hey San Fran, while I would obviously agree that successful completion of BetOnMace is of paramount importance in the long run, my interpretation of this chart is that it is an intentionally ambiguous attempt to infer that currently management thinks that the top line is close to what the company and all it's IP is worth. To me that is the only reason to have one milestone as "Phase III EU" and the next milestone being "Phase III EU Completion". With the built in ambiguities I think that is perhaps the message? JMO