I'm not quite sure what you mean by your second comment, but to be clear, they *lost* $17M net of their $3.4M - so their gross expenses were $20m.

Hi Bernie, how are you able to post from your cell?

He meant http://en.wikipedia.org/wiki/Munge, which seems like it would conjugate to munging following the normal rules.

What, just like sing does?

The only reason it can't be construed in that way is because it's physically impossible.

Take this mallet. I'll hold the fencepost, and when I nod my head, you hit it. Subtly different, and requires a bit of common sense. But I've seen written instructions so full of pronouns, subordinate clauses and run-on sentences that it was impossible to tell which "it" it was referring to.

Of course, some sort of plausible deniability encryption a la Truecrypt would also be good, in case the secret police catch you with your phone.

I'm sure that will stop them from totally beating the crap out of you.

Typical rule of thumb in tech stock transactions is 5x-12x revenue, depending on a variety of factors.

Revenue or profit?

Given that it cost them $17m to make $3.4m - one could see how the multiplier is not gonna be so favorable. Let's make it 6x - that's $20m.

That's a loss of 13.6 million. Surely they'd have to pay someone around 80 million to take it?

Er, you wrote "tenets".

Not "tenants". Not "tennants". Not "lietenants". We don't take kindly to high-fallutin' speakin-proper book-learnt college boys round these here parts.

many existing iPhone users can't afford to or won't upgrade for novelty reasons

You owe me a new keyboard.

I'd liken genetic manipulation to interbreeding. Some people think it should be moral to marry your cousin or even sibling.

You were doing so well up to that point.

How hard is it to remember that it's breeding with someone in the family?