Well...yeah, there's a pattern....no argument.
Problem is that TPL/PTSC is in a holding pattern, all the while the natives (SH) are beating on the doors for something. In response, the "something" comes and it's....meh.
In reality, what was to be expected?
Again - until the final barricade (USPTO validates the critical elements of the patents under review, - especially the 336') this company will not have a clear picture of it's potential and long-term objectives.
I think they're genuine when stated to be meeting w/Investment bankers, but I strongly suspect it's driven by multiple scenarios, events TBD.
In the meantime, TPL does the deed, closes deals here and there to cover the burn rate, but nothing of significance in revenue to allow PTSC latitude in pursuing M/A on a significant scale, wirth a steep ramp.
I'm surprised there wasn't more granularity to this subject of the USPTO in the letter, but then again, maybe I'm not -
I'm not sure anyone wants to touch this, at this time, as not to jinx things....that is, however they are moving and in whatever direction..
Also, IMO to echo others - Turley's fingerprints were not on this letter - this was ghostwritten and then "committee blessed".
Regards