SGE1, i do agree with you on most of what you have written.  the part i dont agree with is the risk angle.  if ptsc had chosen to hold the cash and kept the treasury....the perception of being able to invest the capital in the future would still be there.  what ptsc has done is removed this potential from the company and left the bank empty.  i dont think this was perceived as a "wise decision" by investors.  the dividends would have been tolerated but the market saw that there was no more cash after the sony numbers were released.  most had assumed the numbers must have been large for the divy to be issued, but sadly to our dismay, they were not.  so is it better for the company to continue doing little and wait or for it to have planned better for the future?  purely rhetorical at this stage, but this is, imo, why we do not get the respect or investment dollars from the retail investor.  the risk, because of managements poor decisions, is now for me, management.  $50 million in the bank and we lose the trial, there would be money left to still grow the company.  $0 in the bank and a loss of the trial would leave us in the predicament we are in...an "all or nothing" scenario.  ptsc could have acquired a company and undertaken the burden of "risk" rather than let all ride on the outcome of the markman or jury trial (which they have absolutley nothing to do with or control over).  i would have preferred a proactive posture by a confident BOD rather than our current status of being reactive to the decision by the courts.  it really is a moot point now and i am not looking for an argument...just offering a different view on a tired old topic.

be well and good luck to us

teremoto