We're thinking along the same lines, DABOSS!

LG settlement occurred in the 2nd fiscal quarter reported 11/15 (for 1.6 M)

Casio settlement occurred in the 3rd fiscal quarter to be reported by 2/15

Let’s assume Nikon is indeed the 3rd licensee. I think that’s most likely since most agreements reached will probably be confidential. Apparently Casio didn’t care enough for whatever reason to prevent e.Digital from naming them in a PR. I also doubt DM will be able to license without first filing a lawsuit at this point.

Anyway that works out to one settlement per quarter so far. This latest PR suggests another settlement yet this quarter. "Further portfolio activity" could also refer to more filings but I would say that it very likely means both.

If we can reasonably assume at least one more settlement this quarter, then that would be 2 settlements for the 4th quarter and 4 for the fiscal year. Unfortunately we won’t know the amounts of the last ones until 6/30 but if we consider the recent 8K filing, then I’d bet management is not anticipating that another note extension will be necessary.

- Sinkman