University is doing awesome. 2.4 million annual profit!! And it is an emerging market backed by the Chinese government. You gotta believe those profits are going way up in the near future. But the problem you allude to is that everyone here is singularily focused on the hydro. Even if that fizzles out to nothing (I strongly believe it will NOT do that!!), we still have a multi million profit company with a 105 million float. The restricted shares are locked out for a year with strict restrictions after that. So unless you are a true long and will be here in 2012, the restriced shares are a non issue. Bottom line we have a multi million profit company with a 105 million float regardless what happens with hydro.