some nice terms - for Wellington, that is. the up-front retainer covers their real risk, but the other terms are not really all that greedy, given the nature of the clients. the question is - is their business model to stoke the hopes of the client, however unrealistic raising those kind of funds is, without the client really realizing it's unrealistic; or are they providing that hope to management for a fee so management can pass that hope through to shareholders?