Re: Entry in last 10Q that was not s...Obvious Questions??? Sorry long post...
in response to
by
posted on
Jul 04, 2012 05:35PM
If what you presented is so and I am not saying it is not, as it is in black and white then can anybody explain to me why we have not proceeded to cancel our relationship with TPL?
The MA as I recall in a nutshell does state (I am not quoting), that all parties will fulfill their obligations as so stated or the agreement can become null and void.... kudos to Ron on this one. So if as it appears that the Q filing is stating that TPL because of it's situation(s) seems not to be able to fulfill it's obligations (my words) to the real benefit of both parties (and in my mind a few nuisance settlements (more on that later in this post), to keep the lights on and the lost law suit wolves away from Leckrnones door is not what was meant or intended or implied in this part of the MA).
Is our situation due to the fact that there is not one shareholder amongst us, including myself, who is willing to put their money where their mouth is. To fight to bring this firm back to the rightful owners. (Actually I should of said ... has there not been one shareholder....as I think the time has passed). I and I am sure all have read at least once a month how one shareholder or one organization with ONE share has held a firms feet to the fire due to the fact that they are a shareholder. Major firms have been forced to change course, change directors, change strategy due to the efforts of one shareholder (or a few) who have the time and resources to make this happen.
The law has always been on our side. I will only speak for myself and take full blame for not acting when I knew I should. I did agree to join any group formed to take on the board a few years back but did not send a check as I never pushed to see who would take the lead In addition I was selfish as I without going into detail have made three sales over the years of my shares close to the two high runs that gave me an overall profit and therefore I just sat back and as they say in Vegas let the rest ride. As an old old investor that was wise only for a short time but letting it ride for this length of time was stupid.
I, unlike many here had time to act and did not. I have been under the weather and therefore had to prematurely "retire" so I cannot blame not having time to act on "our" behalf. As I look back on it now it would have been fun and done right I think all shareholders with such an action would have come out winners. Why? Because I do believe that the MA if ever binding was unbound years ago by the actions of both our board and especially TPL. The recent "legal action and "settlement" not withstanding would not have taken place and even today from what I know we sued and we won and TPL came out on top.... seems like the story of this stock from the beginning.
So what is the purpose of this long winded waste of ether ink? Just to take a mea culpa and apologize to all of you shareholders for not doing right by my fellow man and of course woman. I had the ability (no not the knowledge but money buys that) and failed to act. I could let that be the story of my life but that is for another book. Now not to be labor a point I will like most of you wait to see what happens with the legal issues before the TPL and PTSC and obviously i am interested in seeing if they took Ron's advise and sought to pay and arrears on the patent, to see if TPL takes any advise and does not settle with the T3 but instead I would love to see him file a broadside against dozens of infringers if not hundreds.
I say and I know I am probably wrong but it is my opinion at this point to take what sums we have left and file the paper work on all that they have any reverse engineering paperwork on .... file on all those they have publicly said that they have notified of infringement (no they never gave us names but they did say that they notified hundreds of such infringement which means they must have some such information). There will be some the small fry that will want to settle for nuisance.... if they truly are small fry then I say take the money ....( but make sure on PTSC side that an outside auditor verifies where this money goes, as we are suppose to be able to do so now according to the recent settlement between tpl and ptsc)...
Make sure that the nuisance money collected goes to the furtherance of the balance of the lawsuits or if substantial enough take a few pennies and throw it our way in the form of a dividend. In other words I guess what I am saying it would be interesting to me and in my opinion at this stage of the game if suddenly we developed a "set" (sorry ladies) and made life interesting. Oh, I failed to mention that in addition to all these filings that TPL and PTSC especially PTSC notified all shareholders and for that matter the investing world what we are doing. Yep, spread the word, finally, and should have been done a long time ago. Let the world know that though we are a 17 time winner of PTO reviews that stipulate we really do have or did have the designs that make most of the electronic world work. Once again just to make it interesting.
For those of you who wonder what I am thinking it is not that I am throwing in the towel it is that I feel that it would be a shame if the end came (time wise) and we really never made an effort to publicize the value of what could have been. Okay, sorry for the long winded post but it has been interesting and now for the fireworks.... better see them now as at least out here our current govt. and it's bureaucrats what to end the environmentally unfriendly fireworks of the 4th....no exaggeration some suits have been filed and some judges have already banned fireworks as they say that some birds get bothered when we have fireworks on holidays like the 4th of July.... Funny, it took years of very loud gunfire, and loss of life to give us the Liberty and Freedom to use fireworks and the birds are still here.... wonder what would have happened to the USA if Judges back then said no gunfire or cannon fire as it is not good for the birds? Boy, could that be an off topic subject for another day.
God Bless You All and Happy 4th of July
marc