that might actually be attractive to investors if the dividend payout is high enough

Unfortunately, this proposition is speculative as to revenue potential and the effect of an ever decreasing set of licensees, notwithstanding the acknowledged expiry of the respective patents.

For example, if PTSC has cash reserves of $200million, the share price would rise to reflect that cash position. The price would further rise with the announcement of dividends. With each qualifying date for receipt of a dividend, and subsequent payment, the share price would fall, with the cycle repeating itself until all MMP Portfolio income was exhausted. While this might be attractive to traders, I fail to see how this increases shareholder value.

With no further MMP Portfolio revenues, a zero cash balance, and share price languishing who knows where, this would be an outright dereliction of duty by the BoD, which, as you have frequently stated, should be to grow shareholder value, not run it into the ground.

This brings us to M&A which I shall discuss later, as I have a prior appointment to attend.

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Be well