Regarding The Banning of Alls Great
posted on
Jul 01, 2013 02:30PM
Although I personally do not agree with his calling members of this forum "tools," I took no other offense to what he had to say. I had previously posted an article which mentioned TPL's assets at or around $1million (re: Bankruptcy). AllsGreat brought up a good point when he asked why TPL's assets are only listed as being up to $1million if TPL's assets included the MMP portfolio? Have we not been told at more than one annual shareholder meeting about how valuable the MMP continues to be? Why then only up to $1 million in assets (unless the author of the article had it wrong). Anyone with access to the bankruptcy filing can confirm this information. I do not have access.
Raises another question in my mind, could TPL have legally transferred the MMP from TPL to Dan Leckrone or Alliacense without having filed a notice at the USPTO? If so, then he is one smart cookie. He can screw all of his creditors (especially the "off the top" creditors like Chet Brown), retain ownership outside of TPL, continue to slow down licensing activities while jacking up his expenses higher and higher (as Moore and PTSC had previously accused him of doing)and very little goes to the bottom line for distribution to PTSC (if at all).
Moore had previously signed an amendment to his personal commercialization agreement with TPL back on or about March 20, 2007 in which TPL & Leckrone offered to pay him an advance of $30,000 per month. These payments ceased after a few months
Now that Moore has settled his lawsuit against TPL he sits on the advisory committe of PDS and agreed to annual advisory compensation of $250K (corrections welcome). Not too far off from what TPL was supposed to have paid pursuant to his 2007 agreement with TPL. I wonder if this comes out of TPL's half or if this is an "off the top" payment from PDS? Greenarrays (Moore) received the right to use the MMP and as he said....he is happy with the terms of his settlement agreement. With the MMP expiring in two years, looks like PTSC shareholders and TPL creditors are the ones who continue to wait and hope.
It's all so confusing and convoluted. I have all but given up hope that somewhere, somehow, PTSC shareholders will be rewarded for hanging in there. I'm too upside down to get out now, so like many of you (and perhaps foolishly) I continue to hold for one last significant rise ....enough to get the hell out.