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Message: What if the settlement was not material at the time
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Hmmm, explains "that" paragraph

Posted by: milestone on December 19, 2007 09:43PM

In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April.

 

Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, the new rule aims to promote the full and fair disclosure.

http://www.sec.gov/answers/regfd.htm

In other words, any 8-K will only reference the existing PRs.

L2007S, it is my opinion that we settled and we are NOT waiting for the PTO ruling before we receive ALL monies. That wo

Hmmm, explains "that" paragraph

Posted by: milestone on December 19, 2007 09:43PM

In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April.

 

Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, the new rule aims to promote the full and fair disclosure.

http://www.sec.gov/answers/regfd.htm

In other words, any 8-K will only reference the existing PRs.

Hope this helps clear

Hmmm, explains "that" paragraph

Posted by: milestone on December 19, 2007 09:43PM

In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April.

 

Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, the new rule aims to promote the full and fair disclosure.

http://www.sec.gov/answers/regfd.htm

In other words, any 8-K will only reference the existing PRs.

L

IMO we are NOT waiting for the PTO ruling before receiving All settlement monies.  TT&C, IMO would have taken this all the way to Trial if the J's said WAITING for the PTO to make it's determination was a sticking factor in settling the case.

Hope this helps.

Merry Christmas to all.

Deb and Dave

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