LL is talking $130M to PDS. You're thinking a total of $50-65M to PDS with the Js AND 12 more licensees? You can't be serious, can you?
$65M / 16 = ~$4M average for each of those licenses, including the Js, gross to PDS (pre-expenses, pre-split).
$50M / 16 = ~$3M......
Yup, I'd be upset enough to sell!
SGE