"We are an OTCBB stock with millions in the bank with a bright future."

With respect, we are a collection of individuals with actual or digital certificates of share ownership. We all have the same agenda here, no matter how much lipstick one chooses to put on it, and you can't take a moral high-horse to the bank.

The company itself is essentially an office with a secretary, fax machine and possibly a couple of laptops. We have no product, no R+D, no customers and no independent source of income. PTSC is entirely dependent upon a private law firm to generate our income - the same law firm that (IMO) is attempting to aquire from us the one thing of value that the company owns. Our combined liquid and illiquid assets total about $25m, which pretty much knocks on the head any hope of a meaningful M+A. The prospects of licencing fees adding significantly to this cash position in the future are, after the last Q, seemingly slim. Our 'millions in the bank' constitute over 20% of our current market cap, making a buy-out more likely than less.

Taking into account past events (Sony, J's), it is not a huge leap to imagine that the licencing situation, and our PPS, is being orchestrated entirely for the benefit of the lawyers. The less-than-kosher conflicts of interest at board level, to which you have previously drawn attention, do nothing to disabuse this notion.

It is entirely possible that those that hold/add at this point will make some money over the longer haul, but this will likely (IMO again) come in the form of a tender offer for the company from TPL. However, the chances of PTSC having a bright future, or any long-term future at all, are disappearing by the day. USPTO review may enhance the value of the MMP, but will also enhance the probability of a tender offer. Remember that the MMP is only worth what TPL decides it is worth, both to licencees and to themselves.

I'm finding it hard to see any future at all for PTSC in it's current form, and I feel it is important that we discuss and understand what the implications of our current situation are. This is not bashing, this is our fiduciary duty to ourselves. Things are not rosy and they aren't going to be, no matter how much we all wish they were.