As you posted...

"If I owe you $100, give you $50 and the other $50 are to come later, then the financial result of all transactions is $50. That's what really happened and not what was agreed - and if you read the second paragraph above, I wouldn't be allowed to tell anybody, there would more to come."

If this were the case as it relates to PTSC...then in no way could the BOD or management (insiders) be able to purchase stock with this information that was not public.

"In 1968, the federal circuit court held in the famous "Texas Gulf Sulphur" litigation that those persons having access to information "intended to be availbale for only a corporate purpose and not for the benefit of anyone" MUST observe the "abstain or dislcose" principal. They must abstain from trading or disclose the information in their possession to the trading public"1

Its like PTSC being in discussions for purchasing company XYZ, they've made an offer but nothing has been accepted yet...and of course it is all private with no release of such info...likewise those in the know of such a non-pubic opportunity could not go out and buy XYZ stock because they have this info.

And BTW if a company official makes a statement to an individual that is not publicly available there are rules to follow. If such statements are different from other publicly disclosed information and it has an impact on the stock, good or bad, the company has 24 hrs to make such information available to all the public or the person with such information cannot trade in the stock either....so private answers to individuals can definitely be "official".

Since those at PTSC had to sign the MOU if there is information in there that is beneficial to the comapny stock, or bad also, those individuals knowing what is in the MOU or knowing that more "could" be available in the future from the J's...cannot trade in our stock...and since they did one must assume that the J case as it was filed, is complete.

1. Taken from a speech given by David Ruder Cairman, SEC, November 1987