I still consider HDTV to be a VC type of investment at this point. VC emerging growth companies are risky and the financials ALways look horrible in the early stages. By the time they look all pretty and ready for the Dance........the BIG money has been made. Amazon didnt even make a profit until just recently......how much would you have made investing in AMZN in the early days......vs waiting for their financials to "look acceptable" ? I say again......WHY would Wellington.....a Very sharp and Huge small-cap institutional investor have just bought 11% of HDTV stock? Perhaps they have done a little homework and can "see past the balance sheet" ?