Questions for our BoD
posted on
Jul 14, 2011 11:59AM
First of all I want to say that those of us who believe that the BoD has failed shareholders have not been silenced. We may be ignored, banned, and challenged by others on this forum but we are not silenced.
1. How long has the BoD known or suspected that TPL has been commingling license agreements thereby devaluing the MMP? Why haven't they told shareholders before the 2010 suit against TPL?
2. Why do they believe (as stated in the 1st amended complaint) that TPL is insolvent?
3. What is today's value of the MMP? Has Leckrone made any statements about the value of this portfolio?
3. More than enough time has passed in which to evaluate Crossflo. Are we divesting yet another failed acquisition or what?
4. If TPL is insolvent, shouldn't that be the single event that would void, nullify, rescind (whichever applies) the Master Agreement, ComAg and Operating Agreement? If so, why is PTSC not back in court pushing the issue?
5. How long until we run out of $$ to keep the lights on and the money going into the pockets of the BoD, Employees and attorneys? What then? Will Swartz be back with funding or what is the plan to keep the company in business?
6. When can we expect to see Johnson, Felcyn and Flowers buying stock in this company with their own money?
7. Are there any negotiations with Moore to form a partnership in the event that the Master Agreement/ComAg/Ops Ag disappear?
8. Who will license the MMP in the event of #7 happening?
9. I believe that it is Apple who signed a license agreement (commingled with other TPL portfolios). If true, how much did PTSC lose on that deal? How much has PTSC lost on other commingled agreements?
10. With the recent announcement that Apple has filed a 2nd suit against HTC, is it possible that Apple is keeping Leckrone solvent in exchange for information that would help with the HTC suits? Just a thought.