TPL can go public anytime they want. "Reverse Merger" whatever that means is not an issue as they are not "merged" with PTSC. TPL is it's own entity as is PTSC.

Phoenix Digital (PDS) now owns the patents and gets the money. TPL & PTSC each own 50% of PDS, and can continue to do so whether TPL is public or private. PDS splits it's revenue distributions to TPL & PTSC per the master agreement. The only way for TPL to get all the money is to buy PTSC's share of PDS, not "reverse merging" as you suggest. As far as I'm concerned, PTSC can sell it's interest in PDS to TPL immediately. Have Leckrone send over a $2B check and we'll be happy to turn over our 50%.