I agree approval is most likely required before acquisition. I've always said sp will not be fun until years of proven sales. However everytime I think I know how businesses think, I am surpsied. If considering an acquisition of TMDI, are you sure MDT would be preoccupied with past dilutions rather than how they can leverage the technology into the future? Sounds more like sour grapes about dilution. Not all robots have had years of sales growth before acquisition...Auris was on the market for 11 months before jnj swooped in.