I dug into this matter as much as I could and what I think I found is that the obligation costs show up as investment losses. This keeps them out of the earnings as well as cash flow from operations. The questions I have is how will they pay them? It seems they'll have to do an offering or just plain borrow the money. Since they seem to rely on stocks for a significant part of compensation, I'd like to start trending the number of outstanding shares. I think it's getting diluted on the order of 3% per qtr. Another question is; what actually makes up the cost of goods line on the income statement? DVDs, postage,....dunno? Keys, am I on the right track here?