We have a company with no direction, and no plans to hire a new ceo any time soon

We have a board member , we were told, who said that TPL has not taken advantage of PTSC. Unless that board member has direct access to TPL's books, how can they be certain? After all, Chuck Moore believes that TPL took advantage of him and now his attorneys are pouring over TPL's books.

It was said that Lameter was sold on Monday for $250K. Was this reported properly?

We have five board members collecting five salaries (as well as extra compensation for being on committees)to run a company that has no direction and projected revenues of how much? Companies all over the country are downsizing and people are losing their jobs....not our board members. What exactly are they doing

Holocom wants more money from us, TPL wants money from us ....are we the bank of PTSC?

What we have, for certain, is what we have always had and that is a strong portfolio of patents. I have to admit, I'm not sure about Henneman's comment regarding Carlton Johson's reaction to a final office action. Since there is nothing on the USPTO website to indicate there is a final office action on the 336 reexam could it be that Henneman was making reference to the last reexam or another patent altogether?

Regulatory and enforcement systems were in place and yet they failed to protect investors from Madoff, Enron, etc.

The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.

I have heard more than once that the BoD are nice people. I don't know them so I have no reason to doubt that. I am more interested in hearing them described as competent, ethical and place investors' best interest above all else. Have they protected us from forseeable risks of harm?

From Wikipedia

"Negligence" is not the same as "carelessness", because someone might be exercising as much care as they are capable of, yet still fall below the level of competence expected of them. It is the opposite of "diligence". It can be generally defined as conduct that is culpable because it falls short of what a reasonable person would do to protect another individual from foreseeable risks of harm

Three and a half years into this company and still holding......I haven't reach my "enough" yet to let go. I do think that something needs to be done......where are the leaders when we need one?

Interesting read on investigating accounting fraud

C:\Users\Circuit City\Documents\PTSC\What to Do When You Find the Side Letter.mht