"You say that the critical issue is the TIMING. Since there was no possibility of the BoD trading stock within ten days of the 10-K being released, even if the trade was announced, ....."

I would imagine there are others who know the finances of PTSC to the nearest dollar (especially with respect to income) but who are not considered (or do not consider themselves) as Insiders. With the company publicly stating that all income is from MMP there are many people in TPL who can calculate 45% of a license fee and predict what might happen to the PTSC SP.