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Message: I think the only thing the letter can say today

I think the only thing the letter can say today

posted on Apr 10, 2008 04:01AM

to be of any information is:

"We account for the income when the check has cleared. Other than the J's settlement AND ONE OF THE OTHER LICENCES SIGNED THIS QUARTER*, none of the checks have cleared. We expect the income reported to recur quarterly.

 

*THIS NOTE WOULD LEAVE IT OPEN TO INTERPRETATION HOW MUCH THE J'S PAID, WHILE DISCLOSING (IMO) WHAT IS REQUIRED BY THE SEC.

 

The only way investors can be informed is if WE know if there is recurring revenue.

I can't believe that Q accounts for ALL the settlement from the J's. Nor do I think that PTSC would have waited on condition from USPTO.

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