The only thing that bothers me in the statement is this part!
"The commission ordered maximum royalty rates ranging from 0.25 percent to 1 percent for the four memory chip products. The order set the maximum royalty rates for three years, after which the rates will go to zero."
even with this scenario Jeff Schreiner projected RMBS valuation of 32 dollars!!! and Scenario 1 envisaged that development in the decision immediatly rather than in 3 years, therefore PT should be set at something like $48-60!!!