While our BOD and Management hides from shareholders through the virtual meeting guised as a cost cutting measure, and doesn’t communicate to the market or with shareholders, I think it’s important to EMPHASIZE for the record what they have actually done over the last 3 years.

1. As of March 31, 2007, PTSC had $35.4M in assets according to the 10-K balance sheet.
2. Since that time, PTSC has received from PDS free and clear $35.2M.
3. The above number is AFTER all of PDS’ expenses
   1. to get through the USPTO
   2. battle in court with infringers
   3. negotiate licenses
   4. lobby Congress
   5. etc.
4. In FY08, PTSC recorded a provision of $6.42M for taxes.
5. In FY09, PTSC recorded a provision of $0.96M for taxes
6. In FY10, PTSC recorded a tax benefit of $3.93M due to carry over losses.
7. In total, the tax burden for the 3 years in question is only $3.45M
8. So in effect, over those 3 years, PTSC CLEARED $31.75M in NET INCOME after taxes from the MMP.

So combine the net income with the balance sheet figure and the PTSC BOD and Executives had $66.95M plus in assets with which to work during one of the most discounted periods in recent market history.The idea of a public company is to return value to the shareholders, not simply to line the pockets of BOD members and Executives and those to whom they are beholden.

What did our BOD & Executives do?They managed to take that $67M and as of the last 10Q, turn it into a paltry $25.4M in total assets!!That’s a LOSS of $41.6M!!!

In that time, they also managed to lose $160.2M in PTSC market cap as the share price dove from 51 cents to the 9.3 cents we’re closed at yesterday.Additionally, they managed to INCREASE the OS by over 21M shares despite buying shares back on the open market.

All the while, the way they showed accountability to us as shareholders is to take $5.43M of that $31.75M and line their own pockets.

NONE of this has ANYTHING to do with the USPTO, with INFRINGERS, with the OVERALL MARKET, or any exterior forces.These figures are the DIRECT RESULT of these six people in charge of our company and the decisions they’ve made and been a part of.

Some say we need to let them do their job, or that they’ll reserve judgment until after the latest fiasco is played out.Fine.That’s their prerogative. But for the record, these people HAVE been ALLOWED to do their job.There is NOTHING in the above numbers that is a result of anything BUT THEM DOING THER JOB!The RECORD shows that THIS is the results they are capable of delivering.

How much more of their performance can PTSC withstand?!