Chicagoest - Thank you for your post. You bring up an item probably overlooked by most. The one thing that I question is this statement from your immediate previous post.

"If Zenith did record the receivable I presume they would have to record an offsetting liability to the RPS shareholders for most of the receivable."

I don't think there is/would be a liability to the ZCC shareholders as the royalty preferred shares are owned by ZCC. I don't think there is any liability to the ZCC shareholders until they declare a dividend, bonus or some other type of payout. I believe it would just be an asset of ZCC. Correct me if I am wrong.