ARI announced Q1 2016 earnings (quarter ended October 31,2015) last night. Revenues were $11.7 million up a whopping 28% over last year. They made a profit of $.02 per share versus a $.01 profit last year. Our valuation rose to $6.40 up from $5.95 last quarter and $5.96 last year. Recurring revenue was 91.2% of total revenue. The company continues to execute. We will continue to HOLD ARI even with more than a 150% gain.