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Message: Nothing in this 10Q that should have initiated the restriction
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So you are suggesting that the insider trading restrictions where in place because of of the settlement of litigation, with zero or very few dollars attached, that had already been announced to the world on 18 Dec?

Your agrument makes no sense to me. BTW, it wasn't covered by an NDA, but a (comparable perhaps) Confidentiality Clause in the settlement agreement which obviously only covered the terms of the settlement, not the settlement itself. Now, per what was revealed in the 10Q and the Letter, we supposedly got everything we're going to get from the Js. So are you suggesting there's more to come?, that isn't yet revealed but is known to insiders? Then why the lifting of trading reestrictions?

I am stating that the terms of the settlement are covered by the NDA, and would respectfully refer you to a prior post:

Re: moxa1

Posted by: milestone on April 15, 2008 12:29PM

In response to: Re: Why did the reporting f... by moxa1

milestone - Forgive me if you've already posted this, but if you have any further thoughts on whether or not the entire settlement from the J2.5 was contained in the 10Q would be interesting for some of us to peruse. Thanks.

I believe that any payments due from the J2.5 during the period of the 10Q were fully accounted for, that is not to say that I am satisfied that Judge Ward is retaining supervision of a MOU which could be so quickly fulfilled.

The "with prejudice" ruling means that TPL/PTSC can not litigate the same patents again with the J2.5 as defendants. Had there been a simple license agreement, there would be no need of a MOU. Logic therefore dictates additional terms which, given that the J2.5 can't be sued again for infringement on the '336/'148, are favorable to PTSC/TPL.

In conclusion, I do not believe that the J2.5 have made a full and final settlement.

Also,

Re: Not sure I like this part...

Posted by: emtnester on April 15, 2008 05:23PM

In response to: Not sure I like this part... by patientman

"If there was a great behind the scenes business deal with the J-3, I would think the officers would still be under a trade restrictions. "

Not if the "behind the scenes" has yet to be determined.

I'm not the first one here to hypothesize that there is more coming...it's just that even they don't know what it is yet. Many things could be riding on what is the basis for future licensing and even they don't know yet what that will lead to in $$$....all they know is the parameters that surround any future settlement with the J's IMO. Parameters of the agreement would not prohibit them from buying as long as they had no definitive knowledge of the future dollars that may come form any of the licensees

I hope that this is sufficient clarification to abate your confusion(smiley)

Be well

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