sentence for sentence in order to check the facts, maybe this helps to see things more realistic then only emotional:

"This company has been in business for over 22+years and during this time it has failed to produce one product that brings recurring revenue to the bottom line. "
1. I wrote this before: PTSC in its current form is in business for 3-4 years, not 22 years.
2. They tried very hard to develop and bring a product to the market, but the IGNITE chip didn't make it - maybe you read about the litigation by the EU against INTEL because of INTEL's illegal methods to prevent AMD's success. Now what could PTSC have done against companies like INTEL?

"It wasn’t the investors that gave away their only source of income ½ “MMP” rights to “TPL” and to completely loose all control of the only income they had."
The main problem IP driven companies have is the enforcement of their IP rights because the infringing companies try to avoid paying with all the power they have, thus the combination of the patents under the MMP brand and "outsource" it to a specialized company (TPL) was the best they could do - otherwise I'm sure there was no PTSC today.

"It wasn’t the investors that inflated the share count to over 500mil shares, 400mil outstanding, just to stay in business."
Well, that's funny. On the one side you blame them for increasing the sharecount, on the other side you acknowledge PTSC wouldn't be in business anymore if they wouldn't have done this? Doesn't work...the "price" for PTSC's todays existence are 400mio shares outstanding.

"It wasn’t the investors that purchased or merged with Crossflo, Avot Media, Talis Data Systems, Holocom Networks"
This was and is the "umbrella strategy" from Pohl, which is definitely a common management strategy to diversify risks and revenues. The problem is, it only works (in bad times) if the revenue stream from the MMP is steady and reliable, which isn't (see below).

"... then declare these acquisitions as a failure,..."
So far only Talis is a failure, Holocom is developing quite well, Avot seems to be on its way according to the email exchange I had with the co-founder (I shared this with the board here) and Crossflo is under investigation by some experts. By the way, the company didn't declare their acquisitions as a failure, this messaging board did.

"...and then bring in Vantage Point Advisor's, and Baroni Management Company to evaluate these investments, “AFTER THE FACT.”
Hm, if you find out things don't work as they do, it's a common strategy to get someone from outside in the company to take an objective look - thousands of consulting companies are helping much, much bigger companies.

"It wasn’t the investors that fired Rick Goerner (Former CEO) and relieved Paul Bibeau as Vice President, Business Development of PTSC and Renney Senn, a senior executive at “PDSG.”
They all didn't fulfill their targets, therefore it's a simple consequence to get rid of them - or can you tell me what these three did accomplish?

"It wasn’t the investors that put in place and still maintains a limited cash reserves in an uninsured bank account located in the Cayman Islands."
This is something which is indeed strange and should be explained by the company - should be adressed at the SHM.

"It wasn’t the investors that gave out projections of revenue concerning “PDSG” then put out a PR saying “PDSG” would materially fall short of the $3 million to $6 million range previously forecasted."
Those who were responsible for this had to leave the game: RG, PB and RS - they were the management, none else, so what else should be done then?

"It wasn’t the investors that pushed out the shareholder meeting one quarter to allow additional time for the development of certain aspects of their business, and for the resolution of some open issues which PTSC’s management felt was important,"
A SHM would have been a total waste of time considering the firing of RG & friends and the current situation with the T3 and the USPTO, thus I see it as a shareholder friendly move - provided those open issues are solved until the SHM.

"...then announced the S/M meeting will be held in Chicago in the “dead of winter.”
I don't know about Chicago in winter but we have a real winter here in Germany and it doesn't prevent anyone from doing business, thus the allegation it's done in Chicago in order to discourage shareholder is ...typical messaging board gossip.

"It wasn’t the investors that invested 85% of PTSC’s cash reserves in a Auction Rate Security’s (ARS) then watch it disappear in a lawsuit."
Until 2007 it was a common tool for companies to invest the money with maximal security - or did anyone anticipate the developments of 2008/2009? By the way, a lot of other and bigger companies have put more money in the ARS.

"It would be impossible for this company to succeed because they have never been successful in anything they’ve done, and their tract record proves it."
Hm, from a certain point of view the company is worth more than ten, nine, eight, seven, six, five, four years ago - the problem are the last two years. Did you notice the "same" two years which we (TPL) are fighting against refusing companies and an uncapable USPTO?

"Do you really think if PTSC was given another chance of spending 150 mil they would get it right the next time, NOT."
PTSC didn't receive 150 mil, it was far less and SGE showed in one of his posts how the money was spend.

"...and absolutely no direction from the company."
In my opinion it's better to stop going (and maybe return) if you noticed you're heading in the wrong direction instead of running faster (paraphrasing an adage of Mark Twain). If we won't get a new CEO in the next three months and no additional information about Baroni's assessment THEN I agree with this sentence.

To fulfill FutTheWuk's claim for truth I disclose that I've lost incredible much money (more than $100.000) on paper but didn't sell ONE share since I first bought in February 2006, more than this I bought until March 2008.
And considering all the facts I KNOW so far there is only one to blame for this: Me.

GLTY