consider that the article said IF YOU ASSUME the same rate of licensing fees ... but we know that Pohl has stated the early birds got sweetheart deals. So with that said, maybe we can double or triple expectations. So instead of $1 dividend in 9 years, there will be $3 - $4 dividends AND with the monies recieved PTSC will reinvent itself by buying another business (as also stated by Pohl). Other than the dilution factor which I am hoping some of you will share enlightenment, this guy is painting a very negative picture that could just as easily be fairly positive. imho