Is There a Market for Royalty Companies?

There's been a proliferation of royalty companies thathave come into the sacktor the last couple of years, anticipating this new wave of mind development. We've gone about consolidating the space. And typically, though we take a small slice of the top line as typically one to three % of the revenue, so it still maintains significant outsit for our shareholders. It also is an arbitrage opportunity for these smaller companies that otherwise can't axis capital.