I am amazed that you think that the BoD might still believe that...

I am amazed that you think that the BoD might still believe that $20m is a possibility. In my opinion, the path to the 20mil closed off some time ago and they are well aware of it. Starting with GSK, then Coty, then a 2 year pause in the waves, then bodyguard. All we have to work with are a year or so of Wave I sales and a probable start from Wave II. Its unlikely, I think, that Waves III or IV will launch soon enough to contribute. I have high expectations for Wave II (you could say I have a lot riding on that Wave.), but I can't see it getting us over the line.