For what it's worth, I think, if we do in fact do a reverse with TPL we will be instantly holding shares in a company with a future. TPL is working on a great many things that has nothing to do with us but we would benefit from long term if this deals gets done.
The current Authorized is 500 million of which 390 million are issued. Please take a look at TPL, their separate patents, and divisions. There is NO WAY that they would want to reverse into PTSC on a 50/50 basis.
This then begs the question on valuation for the whole of TPL and the proportion of their holdings in the highly unlikely, in my humble opinion, of a reverse merger. 3:1; 4:1;... 10:1?
Obviously, Holocom would be an awkward fit and would need resolving.
Were I TPL, the last thing on my mind would be a reverse anything with PTSC for the simple reason that there are far simpler ways of obtaining a listing without the complications of PTSC.
Be well