To Borredo- I agree that we have barely scratched the surface on license revenue. However, as far as I know, the first license was purchased in Jan '06 by HP. How long have the patents been around? How many years with no revenue? Where might PTSC have been today if collections started sooner? I also agree..patience

To Canwait- I have posted this before, worth one more time. Taken from SEC website...frequently asked questions about 8K

Item 1.01 Entry into a Material Definitive Agreement

Question 3

Q: If an agreement that was not material at the time the registrant entered into it becomes material at a later date, must the registrant file an Item 1.01 Form 8-K at the time the agreement becomes material?

A: No. If an agreement becomes material to the registrant but was not material to the registrant when it entered into, or amended, the agreement, the registrant need not file a Form 8-K under Item 1.01, unless the agreement is material to the registrant at the time of an amendment to that agreement. In any event, the registrant must file the agreement as an exhibit to the periodic report relating to the reporting period in which the agreement became material if, at any time during that period, the agreement was material to the registrant. In this regard, the registrant would apply the requirements of Item 601 of Regulation S-K to determine if the agreement must be filed with the periodic report.

To Bill - I don't believe Roger Cook's reputation would in any way be compromised by my 1/1000 permutation or anyone else's. It is after all a business resolution that both parties are pleased with. It is not a clear cut win in court.

Dellbrid - thank you and thanks to all who continue to challenge themselves to think, who continue to research and provide good information and for those who continue to keep the faith.

2008 is going to be some year (IMHO).

Laurie