Thanks for your JMO explanation...as IMO most astute investors believe they know the in & outs of institutions coming in wanting to invest w/ fundamental companies.You are assuming institutions were waiting on Phase II & haven't already did their DD w/ PNTV. According to individual investors PNTV have had Huge milestones in the last 6 months yet no institutional buying has come thru ....more likely walked away from the table after doing DD.