We still have the June/July convertibles to work through. There's lots of them, too. MWWC will spurt some, then decline like it has historically done. Only when the convertibles are fully worked through will the pps have any chance at stable growth. But remember, by then we'll have over 200 million O/S. And we'll still have the flippers that come and go. So the pps doesn't have much chance to really grow until both convertibles AND flippers are done here. That's why I maintain we won't see much value until at least 2013 and beyond. To attract longs, the revenues have to be consistently growing quarter after quarter, and so we've got at least 2 probably 3 more quarters to go to establish that positive-revenue trend. Of course I'd like to see a high pps sooner than 2013, but I doubt it.
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