MAXF is currently my #2 holding behind CNTY. I will add in the event we drop below $5 again. While I am not totally sure about the .13-.15 cent earnings this Q I am much more confident of their future. There could very well be adjustments to Q4 because of insurance settlements with Kemper. However, anybody with a time frame more than a Q or two should benefit significantly. They have state of the art software along with a much cheaper cost structure. If my memory is correct they will recieve some type of tax benefit after they moved into the new facility. Somebody else can comment with a much better grasp of this than I can offer but I believe that is the jest. That alone should bode very well in the future as things get back to normal. As far as the warrants not really concerned. My feeling is management never thought they would be excersized(thought they would slide by and expire worthless). At that point they never did a filing but close to excersize date they become a little more known and the price shoots by the excersize price. At that point they must act in good faith and file with the SEC or possibly get sued by the warrantholders in which case they would surely lose in a court of law....which IMHO is why we have had the extention of warrants.