Re: Just a thought--
in response to
by
posted on
May 13, 2011 05:06PM
The vast majority of shareholders (by headcount) would not by any stretch of the imagination be considered 'insiders'.
However, knowing how dependent PTSC is on the MMP revenue (PDSG must surely be break-even at best) then surely the people involved with Alliacense, IntellaSense, TPL etc must clearly be insiders since they have intimate knowledge of PTSC revenue history and potential. The PTSC BOD are also insiders, but apparently have less knowledge of the dilution of the license fees on their way from licensee to PTSC.
As this intricate multinational web of companies, entities and individuals related to MMP unfolds surely suspicions must be increasing as to the legal need for so many 'fingers in the pie especially in the Bahamas, UK, Switzerland and anywhere else yet to be discovered.
What I just don't get is how the PTSC BOD appears to be allowing this all to go on without apparently pursuing their fiduciary responsibilities and demanding by all means possible a complete and transparent detailed and auditable statement of every nickel of MMP license money from the original licensees through this web and down to PTSC and Chuck Moore. For every $1,000 of license fee, just how much eventually gets to PTSC and Moore, and where does the rest go? Are Leckrone & Co each entity for essentially the same "work" and thus doubling or tripling their take?
This is "Fiduciary Responsibility" 101 - where is Gloria?