No it does not.  In fact, the more I read it the more nuggets of good news I find.  As I have already posted in response to dotOB:

The company had quarterly earnings before taxes of over $5,000,000; before the one-time charge to settle the Fish matter (booked at $6.3mm).  When you consider that, plus the subsequent events, I think the quarterly is just fine and where it was expected to be.  So please, RELAX!!!

Furthermore, and with respect to the 'treasury' as you have been alluding to:  there is still $16 million in cash and short term investments on hand; to which you can add over $8 million more which is coming in during January, plus a few million more shortly thereafter for the December license.  Hence we will be over $25 million 'in the bank' shortly, and will have repurchased approximately 7.9 million shares (also in the 'treasury') !!

Please read the filing -- thanks.