You're too forgiving, it appears.

You say there was no way to predict Leckrone's antics, but that's not true. There was plenty of history with Leckrone that the BOD already had that gave them an indication of the kind of person/businessman he is.

Secondly, you seem to be under the impression that PTSC and TPL have shared equally in the proceeds of the MMP Licensing. This too is inaccurate. To date, based on the SEC filings, we know that the MMP has generated a MINIMUM $305.6M in license fees. I write "MINIMUM" because we don't know the actual amount of the Intel License, nor whether ALL of the MMP licensing has been reported in PTSC's SEC filings.

Of that $305.6M, $55.64M came off the top in expenses. Most if not all of that was paid to TPL/Alliacense for their "work" or to reimburse them for 3rd party work that they paid for, ie. legal fees. TPL has controlled the expense side of PDS' financials. We don't know how/what they have presented, or what those costs were really for. Based on what we read from the filings, PTSC, Moore, and HTC, have raised serious questions as to how much of that $54.6M are legitimate MMP expenses, or legitimate expenses at all.

So even if you attribute $20M to legitimate 3rd party legal fees (which I believe is probably quite high), TPL has raked in an extra $30M from the MMP compared to PTSC. Of the hypothetical $20M, has there been any roundtripping of expense/revenue associated with what TPL has paid to other firms? Obviously some of that hypothetical $34.6M is legitimate expense to cover their licensing efforts, however it appears that much of it may not be. $55.64M is 18% of the $305M collected to date.

• PTSC has collected roughly $125M.
• TPL has collected roughly $180M minus expenses.

In many respects, it looks like the J3 may have worked just fine from Leckrone's perspective.

In any case, ALL of this was done under the "watchful" eyes of Carlton Johnson, Gloria Felcyn, and to a lesser extent Cliff Flowers.