I like this new approach. The old approach wasn't working very well. Your statements now about the patents being worthless are certainly something that has yet to be proved or disproved. So this approach will hold water for quite a while.
As for the accounting views, they are spurious at best.
I wonder if reporting on the NASDAQ would change the end value of the patents, definitely not! Or, maybe patent value would increase if VP had a different accountant. hmmm, you think?