On 10/20/2010 the company filed its first amended complaint in which they stated that TPL has been rendered insolvent and they pray for a declaration of Patriots right to declare the ComAG terminated.
All of this is a matter of public record and yet the company did not think the 1st amended complaint and what it stated was a definitive event that should have been reported to shareholders?
Had the "ComAG" been terminated, one might have a material event, but merely requesting such does not constitute the same, in my very humble opinion.
One might like to view the SEC's definitions:
http://www.sec.gov/answers/form8k.htm.
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Be well