Sadly, I'd have to agree with you.

Aside from reading that they essentially have waved the white flag with PDSG, both as an entity, and with respect to the arbitration with the Crossflo sellers as well as the indication that despite $2.4M in MMP licensing, PTSC and TPL both had to contribute $150K per month to fund PDS' litigation efforts.

This has truly been a "litigator's dream".

While it's comical that represent at the shareholder meeting that they've collected $350M in MMP revenues, when the reality is over $40M less, considering the actors, it's not surprising. I'm also not surprised that the licensing reported is so low, despite names like Motorola and GE being possibly included, though I was cautiously optimistic they may have finally gained a little traction.

Basically, the 10q is simply a reaffirmation that neither our BOD or TPL has much incentive to do anything but benefit while they wait as things take their course, with little worry about overall performance, and only worry that at least they benefit personally through continued fees and continued salaries. Hard to blame them, but clearly more of the same we've had for many years.

At this stage, obviously a positive Markman Ruling is a must, but I doubt even that will effect too much PPS change, short of a rash of licensing or a significant settlement as a result of it.

Essentially, infringers have the luxury of delaying payment due to a cumbersom system and weak adversaries, both competency wise, and financially, and TPL has the luxury of total control of the process, continued payment despite delays, and a weak partner, and PTSC BOD members have the luxury of $8M still in the bank to cover their bloated salaries despite little to do in the meantime while they wait for the process to unfold. They all profit REGARDLESS of the actual outcomes.

Meanwhile, PTSC shareholders and most likely Chuck Moore have the luxury only of watching them all benefit at our ultimate expense, though sprinkled with the occasional display of Stockholm syndrome as reflected in some posts here and elsewhere.

Yes, I suppose I too "know what I own", but unfortunately have always been willing to expect the best from people, rather than their apathy and in most cases intentional abuse of their power, and abdication of their responsibility.

Perhaps we'll see a wildly positive Markman Ruling, but considering who's been at the helm of securing it, I'll remain VERY CAUTIOUSLY neutral until it happens. Even then, I'll expect the system to continue to benefit the few, while hoping for an outcome that even these folks can't keep from trickling down to our benefit.

Time will tell.