We all must not forget that the MMP may still be like having patents on water and hundreds of companies may still license the MMP for Billions of dollars. Many of us thought the time had come for PTSC to take off. Many of the signs were there. The only thing that has changed many investors minds is that the timeline is longer than most of us anticipated and that has been frustrating and has tried our patience, nerve and wollits as we've watched the SP sink back to the dime level.

Many of us failed to follow the smart money. Swartz was in the know and he was selling. This should have sent a clear signal to us that the SP was heading down. Many of us failed to recognize how close Pohl and Swartz were and how that effected the decisions Pohl was making in regards to dividends and the companies imediate future.

We did not anticipate the USPTO taking this long and how significant the re-examination process has been on the ability of TPL to license companies or to go for the jugular with the J3. IMO TPL did not want to go after the J's as soon as it happened, but I think they were forced to proceed because of PTSC's misguided approach at getting the licensing started. I think that if PTSC would have owned the MMP patents 100% they would have probably lost the validity of the patents at trial with the J's and we would own nothing now.

I for one am glad that TPL is waiting for the USPTO decision before getting more licenses. As painful as it's been for us, It makes a lot of sence to wait for bigger money after the USPTO revalidation both in licensing and if we have to go to trial. I want to see some bigger licencing fees and I think that can happen if TPL has a stronger position at the negotiating table.

I believe RG has very little control over what he can tell us about the MMP because of the nature of where the MMP is at, in question and in TPL's hands. I like the fact that he is trying with what he has to work with to diversify PTSC beyond the MMP because ultimately that is PTSC's future after the MMP is no longer revenue applicable. He is doing what he can and has control over. At this point what can he say about the MMP? The patents are being examined by our government agency and may not be valid. What is he to promise us? He dosn't know what the outcome will be or how long it will take. He told us this in a letter.

I can understand where we've been and why things are the way they are now.

I also understand what still might be and how close it may be.

So the patents may still be like patents on water. Nothing has changed that possibility. Hopefully the time is close and the PTO decision is in our favor and PTSC will finally fly. What are our options? At this point the choice for many of us is clear, we're in this thing way too deep to give up now and take huge losses on our investments. Ultimately we are still in the game. The last cards have not been dealt and we still may have the winning hand. Patents on water we all still own a piece of it and it's still a very real possibility and that is the reason that most of us are here because we still know this to be true.

My only wish is that I was just finding this stock now. $100,000 will buy you a million shares. IMO it's a great time to buy.

All the best,

Steve