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Message: IMHO......

IMHO......

posted on Dec 03, 2007 06:46AM

This is beyond day 30 - either both legal teams have now returned to preparing for trial, which means they have 2X the work in 1/2 the time to get done, or we go into extra innings (arbitration).

I awoke this morning expecting news, either way, looking for a share or volume pop, one direction or another. Instead, nothing, no clues in the SP or volume - 300K shares trading, price stuck at .60.

When I think about it more, this is pure Sr. Leckrone - he has never given an inch in the years he's pursued PTSC, he didn't give an inch in going to trial over the Higgins issue (although he was handed a gift with Beattie and Osborne tripping over themselves), so I don't suspect he is not giving an inch in the Settlement - IMHO, that's why we haven't heard anything. I suspect the ol' buzzard has a ton of fight in him, and he is directing his troops to do the same.

With the time that has passed, I suspect it has been a bloody war at the settlement table. I also suspect Lecky has "double downed" so many times in his life, he is not shaken at this point, and is willing (and maybe even hoping) to go the distance.

IMO, Makes me think our adversary approached TPL with the settlement overture first - Agreement on the setlement $, but maybe something more sticking like future royalties, or some other bone of contention....

Regardless, I hope as we move forward, it's not with reckless abandonment and an ego-first attitude....

Regards

1) I hope I'm wrong and see positive news.

2) If I'm not, at least LBAS is moving up (over $1.20 this morning)...lol

(This was an on-topic post, except the last sentence...please forgive me)

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