Barry, you're a smart guy, however, please listen to the CC from today. Harvey and company clearly stated that all milestone payments and royalties will be booked as revenue, not earnings. And, if you think about for a minute, that is how you want it. You want to book it as revenue so you can offset expenses against it. If you book it as profit, uncle sam takes 38% of it right off the top.. You want to offset that with expenses before uncle same takes their cut..
BR