Re:I Contacted Cliff ..Weak leadership leads to this kind of result
posted on
Nov 20, 2012 02:43PM
Another license is no longer a 'Material' event. It is a normal and expected event. To be 'Material' it would have to outstanding and possible have a dramatic effect on the company's future. Frankly they are not required to even report it on the web site.
All they are 'required' to do in record and report the income on the quarterly report.
So they draft language that makes licensing a normal and expected event so they dont have to disclose it to us. If it is so normal and expected why do we get just a few signings per year. It is our only source of income that we have given away to to a private company without the knowledge of a signing everyone that does know about the signing can trade on this knowledge. This is a public company they can't contract out of the legal disclosures. Also we have integrity problems with our leaders and our private partner where the money seems to never make it to our bottomline because of commingling, overcharging and fraud. I would say that every license is a material event and we should be notified before the next market opening. Unfortunately we have to be the watchdogs for PTSC over TPL because it seems that our BOD is unwilling or incapable of that task.