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Message: Re: TPL BK Documents Dec 16, 17, 23
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Dec 26, 2013 09:32PM

Thanks BaNosser, This is an important document and everyone should read.. I like these parts and hope the court will grant this request.. Shareholders have been ccomplaining about Leckrone behavior for quite awhile and now with this Chapter 11 filing its all coming out..

Patriot Scientific Corporation, the Debtor’s joint venturer in PDS, has recognized the conflict as well. See DECLARATION OF CARLTON JOHNSON IN SUPPORT OF MOTION OF CREDITORS’ COMMITTEE FOR ORDERS: (1) DIRECTING THE APPOINTMENT OF A CHAPTER 11 TRUSTEE; AND (2) DIRECTING THE DEBTOR AND DANIEL E. LECKRONE TO APPEAR AND SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT OF COURT FOR VIOLATION OF THIS COURTS ORDER

(the "Johnson Declaration") and Paragraphs 12, 13 and 14. As set forth therein, Mr. Johnson has asked Dan Leckrone on several occasions to confer with me about appointing a third member of the PDS management committee so that PDS can have the benefit of a tie-breaker vote because of his conflicts.

The PDS Operating Agreement has provisions for that but he has ignored them. This has resulted in the current dynamic where PDS cannot make

decisions unless he and Mr. Johnson agree on them. PDS asserts that it cannot pursue decisions in its best interests unless Dan Leckrone goes along with them, but he consistently places Alliacense’s interests ahead of PDS’s or TPL’s interests in communications with PDS.

V. THE DEBTORS REPREHENSIBLE BEHAVIOR THIS CASE.

a. As set forth more fully in the Felcyn Declaration, the Johnson Declaration and the DECLARATION OF CLIFF FLOWERS IN SUPPORT OF MOTION OF CREDITORS’ COMMITTEE FOR ORDERS: (1) DIRECTING THE APPOINTMENT OF A CHAPTER 11 TRUSTEE; AND (2) DIRECTING THE DEBTOR AND DANIEL E. LECKRONE TO APPEAR AND SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT OF COURT FOR VIOLATION OF THIS COURTS ORDER, in an effort to intimidate Committee members into submission, Mr. Leckrone has threatened unmeritorious litigation against at least one committee member. Such bullying should not be tolerated by this Court, and the Debtor, a trustee for the estate, should not be allowed to persist in such conduct.

b. The Debtor has collected over $7,000,000 and perhaps more in unauthorized settlements in 2013 and has yet to reserve one cent for the benefit of creditors. If this conduct is allowed to continue, the Committee is convinced that creditors will receive nothing in this case.

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Dec 27, 2013 02:55AM
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