I agree with you that this note from Turley is a statement of fact.  However, don't you agree that there is a "tone" to it that in my opinion seems almost dour and confrontational.  Instead of a positive, upbeat introduction, something like:

"In light of the exciting news released today regarding settlements that represent the long awaited resolution to the litigation that had been pending in Texas, we feel it is necessary to clarify a few issues that relate to the agreements and PTSC's ability to discuss them further."

we get:

"Shareholders are advised"

Now considering TPL has to approve the message as well, I don't blame Turley so much for this note content, but I certainly DO sense a "tone" to it.

While I did question it's necessity, I do agree with your point earlier that it DID provide good info regarding insider trading during the next few months, so I'll take my comment back about it being unnecessary.  Still, I think the PR's should have had PTSC's name in the title, and should have been posted to PTSC's website EARLY yesterday, not snuck on after the 5 pm Pacific time.