I just want to be clear that IF, and that's a very big if considering who said it, but IF Leckrone was being truthful about the MMP having already pulled in more than $350M in license fees, as it was reported he did at the SHM, then that would mean that the most recent quarter completed would have brought in $42M or more in license fees to PDS.

But to be CRYSTAL CLEAR, that's NOT revenue to PTSC. As most understand, any money that PDS gets, first goes to pay TPL's expenses for licensing and prosecuting, then the other 3rd party expenses like expert testimony, etc., and only AFTER those are paid, does TPL & PTSC then divvy up the remaining money 50/50.

That being said, during the year that the J3 settlement occured, the EXPENSES for that year were approximately $16M. One might argue these are similar times, so IF DL was being truthful, and there is around $42M in fees, then it could be that the remaining balance AFTER expenses could be as little as $25M to $30M, with PTSC getting around $12.5M to $15M in rough numbers.

On the flip side, IF our BOD allowed DL the platform to speak as he did in THEIR ANNUAL SHAREHOLDER MEETING, and it turns out to be UNTRUE, then in my opinion, I believe there is serious liability on the shoulders of Cliff Flowers, Gloria Felcyn and Carlton Johnson in that no correction was issued there or in the days following.

I suppose we'll know one way or the other by April 16, 2012.