Agreed - 'Round and round the posts go: from knowing and understanding this is a speculative stock with its future hinging on USPTO acceptance of the patents, to the grumblings that JT should be doing this, or that, etc, etc...
Fact:
1) PTSC is a pure spec play until 336 validation by the USPTO. The market has been correct in treating it as such.
2) JT (and the rest of PTSC) is in a holding pattern until 336 Validation. From a self-preservation standpoint, this Company is smart for sitting on the $20M until they know ehich end is up.
If it plays out, there may be a future. If not, we're back to .04....and probably a "gone" $20M. lol.....Either way, JT will probably be doing something else.
3) Announced license up until USPTO validation (assumed) at levels to sustain TPL and PTSC in a holding pattern (pay salaries). Infringers know this, hence the low figures.
4) J3 numbers will probably be along the same pattern, but I'll bet there's a clause allowing for a rate adjustment IF the patents come back clean. If not, TPL lawyers didn't do their job.
I suspect we will know where things really stand and what really matters in about 30-45 days, and I'm not talking about the 10K...
Not FUD, just facts.
Regards