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Message: palomar / Re: gcduck / Re: @lambertsluncatic: Why is it
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Jun 01, 2011 03:19PM
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Jun 01, 2011 05:01PM

You simply seem to want to forget the $130M they took in and say it's always been MMP or bust. If the MMP were just paying the legal bills and keeping the lights on until all re-exams were done and a verdict was reached in a litigated lawsuit, then I'd be inclined to agree with you.

HOWEVER, that's not PTSC's history. And then you go on to contradict you're penny stock wild wild west warnings citing the BOD's "new committment". Unfortunately, THIS BOD is LONG on "new commitments" and quite short on "actual performance" or delivering on their "new committments".

You attribute PTSC's lawsuit against TPL to learning from their mistakes and seem to have forgotten that in REALITY, it didn't happend until just AFTER the PUBLIC accusations by HTC regarding TPL's shenanigans. The lesson they learned is simply that they needed to cover their backsides because they would have been open to huge liability if they didn't take action.

Maybe I should step back and clarify something for you. Perhaps you think that I think that PTSC should be a $5 or a $10 stock if not for the BOD. If you read any of my posting history, you'd know that was far from the truth. In fact, I've more often than not argued PTSC would be lucky to be a $1 to $2 stock even with a humming MMP licensing program. And you'd likely not hear a peep from me if PTSC were a 30-40 cent stock as based on it's current status, I'd think they'd be doing quite well to have the stock trading in that range.

Rather in that framework, IMO, PTSC is viewed negatively by the market not because of the MMP status, but because of the current BOD's and management's stark inabilty to do anyting productive with the money it makes. And that falls squarely on the BOD and Management that you want to excuse.

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