IF they have an investor (that's a BIG if right now), I agree it would make more sense to break this into another subsidiary to define income and take full advantage of government funding and R&D expense.

Again, for what its worth, Bob told me to call throughout the next 3 months as they have 'several things' in the works. If they are searching for private investors then they have their heads on right...banking and even most equity firms have drawn a thick line in the sand...especially after the news about Lehman and Merrill yesterday. I work for a subsidiary of Merrill, so I'll let everyone know if I hear anything material to the secondary markets.