Great meeting. Emotional. Insightful. Bottom line everything hinges on the trial and settlement. That money (" if " it comes-but they didn't emphasize that ) will allow purchase of another company or more. We wait. Buy more or not? Some directors have shares, others have not sold, some do not have them yet. I wasn't able to post right away so I may repeat things already said. I also haven't had time to read the deluge of posts ( this board is the greatest group of envolved people ) . So here are some thoughts of mine as well as notes.

Who wasn't there? Dr. Falk, Linda?(controller),and the Lecrones. This last absentee was curious to me. JT swears they tell each other everything imediately and I believe him. So were they negotiating with some group? Has their story already been told before. Maybe it was the fire obstacles, but it made me wonder. It was mentioned that they have been hiring more people. If we win the suit they will need more staff to sign the licenses and collect the fees.Are they anticipating something? That was encouraging to me. Then again, with so many people coming on staff now, they could have sent a representative?

JT spoke that we are in a position of strength ( later that was challenged as reflected by share price ).

The average rate of new license signings is one a month. ( R spoke of that taking 25 years to complete the 300 infringers. JT replied that once the lawsuit is settled and if it goes our way then the rate of new signings will increase, thus the need for more TPL staff. DP also commented that we don't necessarily have to get all the infringers to sign to complete the plan/strategy.[ this was a revelation to me that money could be left on the table so to speak. But then if/when the big dollars come in do you waste time with the pennies? If they have a plan for bigger things I guess it's best to move forward with the big plan ] Maybe TPL can fuss with the collections of the fees while PTSC moves on to becoming a listed producing company. I believe that is/was one of the strategies of hooking up with TPL in the first place. One person who's name I didn't get wondered why earnings (?) were less in 07 than in 06 and was waiting to ask JT about it. To that person did you get the answer and what was it? I may not even have your question correctly stated here. One thing that was brought up in a heated way was the money that was spent for the board being equal to ?.. and I thought, that is where the money went. If anyone else has a comment on this I would like to hear it.

Another quote from that portion of the talk about licenses of one a month "and counting" ... what does that mean? more to come? at the same rate?

Also there was note of a double license, suggesting that a previous company could have signed once but may sign again for some reason. The average license was 4 million dollars. There was a graph that should the scale of fees ( "early" tiers etc. ) So that 4 million is interesting, but those signing now or later should be paying more. That was the idea expressed at the Spring meeting when the Lecrones were there. That is what the graph seemed to indicate. There was talk that of the long patent life. I saw a chart with dates out to 2015. But there were parts of the chart with dates of 2009 and that didn't seem too good to me.

JT talked about the ranking of PTSC as a fastest growing company in San Diego. It was fun to see PTSC being mentioned along with familar names like DivX etc. I was greatful that the press releases and comments seem to be capitalizing on that opportunity. That IMO helps others see PTSC as a company to take notice of for investment. That was a big topic at the meeting too, "press coverage". That is ramping up and building according to JT. The guy from Hoffman spoke about it. I liked what he had to say at the Spring meeting. But then I found it hard to "keep the faith" about his words all these last 6 months with meger news coverage and the share price falling. But something in the way he discussed what's going on and his explainations about "media skeptism" and need for proof gave me confidence that PTSC and its story is on the media radar. JT spoke of the groups that are now ramping up to cover the PTSC story: Onlinne media, marketnews1, Wall st. net., Arch conferences

( there were negative comments made about the conferences) JT talked about the story getting out there, excitement and education.

Analyst coverage as well ( Cohen ) JT as I heard it " it is all coming together, just what we want." Also mention of Nick as the tech. commitee for leadership and guideance.