After looking at this closely.. my best guess as to how the Apple license broke down...

$960k MMP

$8.24M TPL's portfolio

for a total license of $9.20M

After TPL gets their 50% of the MMP fee plus expenses that would leave approx:

$460k for PTSC and its shareholders

$8.74M for TPL/DL.. as that is some 95% of the gross license proceeds of $9.2M

yep.. that could be construed as no where near $26M... but does it make you feel any better..???

Initial allocations as per Hoge: MMP $18.49M, TPL $8.13M ($4M FastLogic, $2.95M ChipScale, $1.18M CoreFlash)...

So.. it boils down to TPL/DL basically got to keep 100% of their initial allocation for their portfolio, while they gave the MMP away and PTSC's share was reduced by 95%.. and cost us immeasurably via the HTC verdict..