Understandable your thinking may be clouded based on past PPS performance however you are way way underestimating the true value of this company. If in fact the tender offer and share buy back occurs simultaneously this would not happen in a vacuum. The shock value of a buyback alone would be the shorts worst nightmare and almost certainly be also accompanied by the release of 3.0 and the long-awaited marketing of UF as directed by our new management team. Your quoted .15 PPS is for the flippers.