Not necessarily, IMO. JT may have looked at the results/terminology from TPL/Alliacense immediately after the settlement and thought the same things many here thought - that there must be something more to the "business resolution", and that it may be coming soon. Thus, the trading restrictions for CYA.

Think it through a bit further.... This is along the lines of PTSC NOT KNOWING the content of the MOU. If PTSC management/officers knew, absolutely, that something else was coming, there would be no need to announce trading restrictions, as "insider trading" rules would kick in, thereby restricting trading. But if they didn't KNOW, and there actually was something more, they could be held accountable for any trading and would probably have a tough time proving that they "knew nuttin'". A little mental gymnastics, but possible, and maybe probable. IMO, this is the best explanation of the seemingly unnecessary "trading restrictions". In the mind of JT, there was a big "maybe" in there, and he wanted to protect the company.

And here I'll again suggest that (regardless of all else), once PTSC "installed" those limited-term trading restrictions, it would be virtually impossible to "reel 'em back in". They couldn't "un-announce" the restrictions without raising a lot of eyebrows and/or looking like idiots.

Crap, I think I just convinced myself that PTSC does NOT know the terms of the settlement with the Js (the content of the MOU). It's the only logical thing, IMO, that explains the imposition of trading restrictions.

Lordy - this could bring those friggin' delusions back to life! For me anyway.... But it does then prompt the question "how could they speak so definitively in responding to Steve's query?". It seems that if they were simply ignorant of such contingencies, they would have worded their response accordingly - in a much more clever fashion.

PTO contingencies - RIP.

I will opine again, regardless of the apparent "upset" of the contingency theory, when we hear something positive from the PTO, the PPS should move up, and licensing activity may intensify (for bigger bucks).

SGE