I agree with Marc's comments and his mention of posters who add value. Ron is at top of my list also; his counsel (paraphrase) "... act prudently, don't count chickens before they hatch, and don't bet your net worth on PTSC ..." all resonate with me. The quality of his legal interpretatiions and explanations have been invaluable to me and are beyond debate.

I have just seen a rare post from another long time member of this forum whom I pay particular attention: KCRR. His knowledge of trading activity, patterns and motivations, as well as corporate finance and organizational structuring is ALWAYS appreciated. His reappearance here reminds me as to a huge gap in our collective knowledge about this company, i.e., organizational strategy and structure. IF we prevail in the legal wars, then I would like to see prepetual royalty streams in addition to one-time payments.

Some of this was discussed briefly a few days ago, and I think the Forum basically got the conclusions correct: PTSC should be structured as a "pass through entity", rather than as a C-corporation to avoid double/triple (Fed income, State income, personal income) taxation of profits if paid out now in dividends. Poor record of current management/Directors in establishing any operating business(es) is noted, and very unlikely to change IMHO.

So organization along the lines of a REIT, or the energy trusts, or my favorite, Great Northern Iron, a resource trust traded under GNI on NYSE. Lots of lawyering to figure this out.

Ya want to see some really fascinating #s re total return, look at history of GNI. I have owned it since 1968. Sold out of it last week for technical reasons.

So I would really like to know if there is any articulated corporate strategy 1) to licensing, and to 2) future structure of company. Again, assuming there is a victory in the legal wars that would make a future possible.