"I am surprised to learn that a senior partner at a law firm, and also a Juris Doctor, were unable to see the inevitable failure of the particular proposals before they were submitted to PTSC, and respectfully reference the SEC response linked elsewhere."

I guess those real high-priced lawyers, you know, the ones PTSC hired to fight the boys "tooth and nail" have better access to Westlaw (sp?) than the not-so-high-priced lawyers do. I've wondered the same thing myself. Amongst other things.