Per PTSC's filings, the quarter that included April of 2010 (that was Q4 of 2010) brought in $1.38M in MMP License Fees. The only ANNOUNCED license of that period was Arcelik, and they were the 73rd MMP license according to the various PR's that have mentioned number of licenses. According to the court filings, this was the period that Leckrone signed Apple to the MMP.

The following quarter (Q1 of 2011), registered NO MMP license revenue.

The quarter after that (Q2 of 2011), registered $1.41M in MMP license revenue, and from the various documents/PRs, included SEVEN licenses, with Dresser & Cummins being the only 2 that were PR'd. Begs the question, how much comingling/discounting went on even with these 7 licenses considering the paltry $1.41M collected. This was presumbably AFTER PTSC had secured approval rights over MMP licensing. Did Leckrone ignore their input / approval, or did his threats to shut down the licensing program cause our weak BOD to acquiesce to such paltry license fees vs NO license fees?

The quarter after that (Q3 of 2011) brought in $7.44M in MMP license revenue, and from piecing together the various court and other info, included at least 3 licenses, though none were PR'd. What WAS PR'd was PTSC & TPL's agreements to increase working capital in PDS, that they had signed "several companies" to MMP Licenses and the resolution of "a number of issues" between PTSC & TPL. More likely than not, I'd suggest this is when the Apple MMP portion of license fee that had been collected by Alliacense was recognized. Not exactly a confidence inspiring conclusion, considering WHO APPLE IS, but nonethelesss, surely seems to be the most logical conclusion, IMO.

The last quarter we've learned of (Q4 of 2011), reported a $2.24M in MMP license revenue. The only PR'd license in this time frame was Stryker, though other documents imply over 85 MMP licenses have been sold, so it should mean that there was at least one more (Stryker would be the 84th by my count) license sold, and perhaps 2 more that quarter.

All in all, Fiscal Year 2011 appears to have brought in AT LEAST 11 new MMP licenses, for a total MMP License Revenue of $11.09M. Based on NO TRUST in Leckrone, and NO TRUST in our BOD's ability to control him, stand up to him, or not be out foxed by him, I have concerns that some of those still included disproportionate fees that favored the other TPL portfolios to the MMP's discount and detriment. I would not be surprised to hear that our BOD caved to Leckrone on some licenses just to bring income in so that they wouldn't have to pump money from PTSC into PDS for licensing and litigation expenses. Based on what we can gather, it's almost assured that Leckrone played them again using his control of the MMP licensing, and our BOD's fear / incapablity to pursue licensing without TPL.

In any case, UNLESS the Apple fee has NOT been recognized (something that would be INCONSISTENT WITH PTSC's REVENUE RECOGNITION POLICY as stated in their SEC filings), it appears that Apple brought in less than $10M in MMP revenues, and likely less that $5M based on $11.09M for 11 licensees.

I'd say THAT's likely why we've gotten no PR regarding the Apple license as it would reflect poorly on the value of the MMP. TPL may have done irreperable damage to the MMP value in their greed and their disregard for anyone but themselves. Time will tell whether PTSC's litigation efforts will be able to remedy this, but I think this is why we sit at 5 cents. *****This Portion has been edited by AGORACOM******THEY have put us at 5 cents, and while I fear the final desperate actions they were forced to take to cover themselves when some of this became public through the HTC court filings, may be too little too late, I PRAY that the court will see the FOREST, and not just the trees as they filter through this mess, and keep the fact that PTSC is a PUBLIC COMPANY with SHAREHOLDERS in mind, and realize the damage caused is extensive, and should be remedied. Unfortunately, with the history of disregard for shareholders that our own company Directors and Managers show, I feel pretty foolish to think the Court might save the day in this regard. I hope I'm wrong in my feelings!!