From my notes:

 All the warrants from S and L have been repurchased. What I heard mostly was  the words " from S and L". That made me wonder are there other warrants outstanding? and if so who has them? Just wondering because of the way the words were spoken, the inflection, emphasis.

18 million shares were/ have been repurchased. Was that since the last SHM or up to this point starting from whenever? Is that the total of shares PTSC now controls? ( not counting shares in reserve, not counting Preferred Shares.[ mention of those came up several times, DP said he was against it and would throw himself in front of a bus to stop it. He said that perhaps Carl could to it better because he is bigger. ]  It was stated that 18 million shares were purchased with 11 million invested. That means to me they paid about 61 cents per share (open market ) and that would mean they are under water like others here. Maybe they will average down? Maybe they bought them from someone/company at a discount for a large block.

New legal: Markman in July, Dismissal of ARM, 586 appeal interpretation mediation--trial " if it goes to trial "

Then JT went on to talk about the future, the next 20 years! His idea is that he thinks he knows where we are going. Licenses, we have them. TPL is great. We share everything imediately, we continue. We continue to add to our cash position for financial resource. PTSC is a public company with a history of "communication". The next phase is growth. Selling a product, ship a product, move it out the door. Box, chip service contract, product service business. Leverage the final situation to creat a 2nd source of profit. develop micro processors, looking for aquisition. Best value for shareholders, looking alot. "we've been shopping" Don't talk alot, can't. Optics, green, wireless, battery, science, big company with 100 employees. Many areas, East, S. Valley, that have revenue, employees, public, private, what do you have to offer us. us to you. Meetings for 1/2 hour. others longer. Narrowed to a short list a handful. "They hold the future of PTSC" One or more. There was a screen of potential types of companies.They want to get some predictability. Quiet research. Licensing is frustrating because it is hard to forcast. Feel your pain, it's the nature of business. Not much to share specifically now. Discretion is key, know that you all understand ( boy that was way off by the audience responded. ) JT likened it to having your child in the military and recognizing that secrecy is needed to protect them, even when you want to know. So they can't talk. They are negotiating. They are sharing all that they can right now. want a predictable business. Ability to have graphs with shipping and receiving. something that can be forcast and easier to tract. ( I don't know if this is a good idea. I think licensing is the thing to sell. )

Next will be the Acquisition Strategy: