First.... The poster.... then the post...

IMHO the poster who has started this is a swing trader so my reply/replies have been along dismissing his cliams,,,,

now for the post..

Facts

It is almost impossible to figure a burn rate on a company who's major income is based on one time license fee's for patents that are under review... and we (the share holders are in the dark)

The burn rate over the last 2 ,,,1/4's was inflated by events prior events...(IE writing off crossflo,,, avot . & other Verras Medical..

Cash & cash equivalents over the the last 2 1/4's have improved yet losses are large.. my contentions is those losses WOULDNOT be used to calculate the burn rate...

lets give an example in Dec09 Verras Medical medical was written off... the next 1/4... last 1/4 PTSc sold those assets and recorded a $182,397 gain.. ARS we have written off 3 to 4million ... can some of that be recovered in the next few months... YES that would be shown as a gain.... our loan to TPL & interest if that is recovered that would be a gain...

Bottom line the earnings over the last two 1/4's refelct a much higher burn rate than the actual,,, PTSC has taken a conservative approach & has written off items... we (stock holders) have NO Idea of what is happening with MMP license's and the strength of the MMP.... (we the stock holders have no idea TPL/PTSC dispute and the condition of the relationship...

IMHO money