Not sure how close we are to a royalty deal, Don seems to think the time is nearing but he has repeatedly shown a distinct lack knowledge when it comes to timing of anything.

As far as an IPO goes I would never want to see one for Zenith without absolutely huge news and a change in senior management. I can't see any new investors wanting to be seriously investing in this management team and I think many current investors would use an IPO as an opportunity to dump a lot of shares unless there was seriously good news to justify holding despite lousy management.