That is a ridiculous amount of commissions to be paid out. I understand that the main avenue selling groups have brought over their businesses but to receive that % on commissions is absurd. Bob needs to step up and negiotiate better. Quite frankly after hearing questions from the Wall Street conference, I think smart money has many questions/concerns. Until Bob addresses and takes steps to appeal to larger money, we will remain at these levels despite improving financials. Not happy to see the late 10-k.