Here's some rose colored thinking for you:

Assumptions:

• we emerged from the last fiscal year with $7M in cash and marketable securities
• we win the last Markman issue
• with that set of circumstances, during THIS fiscal year, we resolve litigation to a point either through actual court action, or a settlement, that licensing begins in earnest and that over the next 5 years, the MMP is licensed for a total of $500M.

Notes:

• on average, it takes 20 cents to make $1.00 in MMP revs.
• means $500M collected results in $400M to partners which results in $200M to PTSC before taxes

Analysis Parameters;

• even annual collection of $200M = $40M per year
• 35% tax rate (ignores any loss carryovers)
• corporate (SEC Compliance & M.A./Comm Ag enforcement) management expenses of $1.5M per year TOTAL (what's really required?!)
• keep $15M in treasury war chest at all times and distribute all money above $15M as dividends
• liquidate the remaining assets through dividends at the end of 5 years.

As you can see from the very basic spreadsheet below, this level of licensing under these simplified parameters, could net around a 4 to 10 cent annual dividend, or 32 cents per share over the next 6 years.

What market cap TODAY would be warranted for such a return on investment over 6 years. In other words, what would you have to invest today to have it worth 32 cents 6 years from now. Obviously, it depends on the interest rate of your investment. What if the assumed interest rate was 7%? The answer is 22.6 cents.

Now, forget holding the stock for the next 6 years, and only look as if you're looking at a window of time of 1 year. Factor in the possibility that PTSC might earn 60M in that year, and $20M the next, and instead provide you with a dividend of 8 cents in your particular investment time frame. In that case, what is the "market price" for THOSE shares. Seems like they'd be quite a bit higher?

Lots of conjecture on my part, but what else is there to do PTSC wise. At some point, IMO at least, it seems that it's PTSC who should be providing some type of value data for the market to decide for itself. I guess I'm an eternal optimist, lol!