Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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I too am invested here, but as a Shareholder, I don't like what has transpired or what position we Investors have been placed in.

1. PTSC's JV interest in the revenues of the MMP is a Positive for the stock; so long as TPL defeats Moore and TPL defeats any creditor's efforts to force him into BK. PTSC's capitalization structure with 400M shares in the float, and PTSC's leadership and business history/record is a Negative for the stock. So, where does that leave us really ??

2. Whether infringment or non infringment in the present suit, the MMP is a Patent suite approaching expiration, it is a "Wasting Asset" that in 3 or 4 or 5 years will revert to the public domain unless extended (and we have had no indication of that). I am aware of the 6 year "lookback" recapture potential, and without that, I doubt many, if any, would even want to own this. The Patents have continually generated money during the ReExamines and our legal actions, but PTSC Shareholders have not received any stock price benefit from it.

So, the question going forward is ....

How can PTSC Shareholders benefit by the MMP if PTSC leadership cannot increase Shareholder value with the monies they are given from the JV ? The answer is that with their embarrassing failure of the multi-company M&A fiasco they presided over, it appears to me Leadership realizes they aren't qualified to add value to the company, and that's why they are now saying/suggesting they will stick to just issuing dividends to Shareholders. So, this penny stock is now strictly a dividend driven play. Additionally, when will the "Musical Chairs" for share ownership begin to impact the stock's valuation and demand, because as we approach Patent expiration and exhaustion of the "lookback period", the stock will become worth less and less and be in less and less demand. With just the PDS JV (we are told there will be no more M&A adventurism in the future), why would anyone want to hold PTSC stock beyond some revenue/time balance point calculation ? Even as a pure dividend play, the stock will at some point only reflect a more easily transparent discounted present value to remaining recovery awards, price.

PTSC's BODs and Managements have failed shareholders in so many ways it's almost unbelieveable; but the stock price and it's depressing lack of investor demand even at 9 cents accurately reflects it. After the past 6 years, SIX years and $100+ Million dollars later, Stockholder Equity (the capital received from investors in exchange for stock, and retained earnings) in PTSC is a teeny tiny $8.6M. The stock price today is where it was before we received even 1 penny from the MMP. Even if you factor back in the 4 or 5 cents of paid out dividend (I affectionally call it the Swartz dividend), we're still half the cost of a single pixi stick.

There is however one group who has personally gained, and continues to personally gain, regardless of the failures of the M&A debacle, the approx $25,000,000 in investment losses, the general piss poor performance of the company, the 6 year eroding price, and our disgraceful (and laughable) Shareholder relations.

Can you guess how much the BODs and Executive Managements of this company have been paid in cash ALONE during this same 6 years that we burned through $100,000,000 and the stock crawled down to reclaim it's 5 cent stock price ???? Go ahead, take a guess.

Confirm it for yourself, but according to my calculations it comes to $5,900,000 in CASH, not including another $3,000,000 in Option Award compensation.

As Carl, Gloria and Cliff split up their usual $43,000 per month payroll, Investors are nervously clinging on to a 9 cent per share stock; unfortunately one that's likely on it's way lower..

By the way, as far as I can tell, after about 5 years as CFO and 3 years as CEO, 1+ years on the BOD, and after approx $1,400,000 in cash compensation, Cliff Flowers still isn't a Shareholder in PTSC .. LOL. It appears by Cliff's own INactions that even his opinion is that PTSC leadership/management is too ___________ to trust your investment dollars with.





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Jun 22, 2012 05:38PM
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Jun 22, 2012 08:34PM
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