L2007....

First of all thanks for all of your work & DD you are an asset to the board... I assume from your post about Holocom info was because you read some holocom post between me & Bankerson...then a later post about PDSG sale..you posted ......can we survive on PDSG sales,,... I know you are just posting facts,..I did not take offense..however many posters seem to have written off all of PTSC's business's,, but I would to explain some of my views on PTSC family (Holocom,PDSG & PTSC/MMP)... please excuse the rambling post.. at the end I will try to make sense of it all....and take a few jabs @ the BOD...

Holocom... when we took up partial ownership of this Business we saw it took about a year/1.5 years before Holocom was able to turn a profit.... (all these number & times are from memory so correction welcome but please look @ the overall sprit of the post).. at that time we did sees 1/4 sales and small profits... the profit margin on 6-7 million in sale was low... about 10% ... during that time holocom did barrow money and paid it back with a healthy interest rate(@ least a far higher rate than TPL...LOL).... Then we saw a small change in percentage ownership and now we get NO real sales data.... what we get is a perceived market value for Holocom.. and have written off 435,000 .... IMHO at this point Holocom sales should be greater than past years.. with all the Government projects(we all saw job posting for Holocom certified installers)... Holocom has also introduced some new products... which of course cost up front Money to design & set Manufacturing.... it seems once again the share holders know less & less about the business... We all know Holocom is the connectivity product for SPIRNET... easier to install and secure,,, so they are THE product... It seems like posters have written off Holocom much like the company has written off Value,,,, I see the new the PDSG NIEM as a new market for Holocom... My guess Holocoms low profit margin is mostly due to low volume of product sales...we have all seen PTSC write off perceived value and later adjust it...... What I really worry about is why we know less and less about our current business's... I DONT TRUST THE BOD... for all we know we will sell Holocom to the other owners at a value that is far less that it is worth,,, and the BOD will some how profit from it..... IMHO Holocom was profitable and can/should still be profitable,,,, I saw earlier they where advertising in other Manufacturing area..( assembly line construction)... now if they can enter the PDSG market... hopefully they can get a profit margin that is attractive.... so I have not written of Holocom they where a profitable business.....and should still be..(although small only a small profit)

PDSG..... a touchy subject... IMHO I do not know how you buy company and not know that it product is not ready for market.... The BOD hired resource's to assist in the Purchase of Crossflo so who dropped the ball....once again the idea may be correct but the execution from the BOD is lacking... also It gets back to trust I do not trust what the BOD has done who profited from this...did the BOD run a side show....... so instead of buying a company that can start to grow sales... we have to spend our resource's & time getting it ready for market.... RG stated 6-8 million in sales per year... The data sharing product and market IMHO is a valid and Niche market that could take off.... so once again we get a sale we get no #'s from the company.... if can get 6-8 million in sales over the next year... with reoccurring maintainece fee's and a growing market this could turn around.... so I also have not written off PDSG,,,, this could be very important to our survival...

PTSC/MMP... once again we seem to know less & less.... about License...... court actions.... loans..... and agreements... for example my belief is PTSC would try & freeze in escrow some license fees to cover the loan/ and alleged License agreements that gave TPL more than their fair share....

The common theme share holders know less & less about each business...... if we sell a business do we trust what happens....

PTSC is like some US families... they spending more than they make.... they have some saving... several family members seem to unemployed or partial employed.... so now PTSC does what it has to ... cut spending...IMHO PDSG is like a family member who is offered a job that will not make enough to stop the red ink... but can reduce it. and extend its financial life.. and maybe with some hard work & time they will get a promotion.... our goal get all the family members working & making enough to stop the red ink....... IMHO PDSG & Holocom can make enough with cost cuts to extend our family through the tough times.... we have 6-7 quarters of cash @ the current burn rate... cut the red ink in half double the time....... the true test as we all know is the MMP for the real profits and company worth.... so we need a Cali court victory to get their which seems to be well within our time frame... we still have 500 companies that have put on notice... the perception is TPL does not want to go to court & I am sure many already know of their financial shape... this cannot help our cause... like the bully who gets kids lunch money ,,, once the kids know you wont hurt them they will not give up much lunch money.... so lets go get some lunch money....

Thanks...