For years Shareholders complained about TPL pading expenses, bleeding off additional MMP revenues, and adding increased TPL related fees that the BOD agreed to pay. For years the PTSC BOD dismissed our overtly expressed complaints. For Years, and again as recently as late 2012, with the dropping of our Fraud suit against TPL and subsequent signing of our New MMP Commercial Agreement only about 6 months before the TPL BK filing, it was reported here that PTSC relayed to Shareholders that they were comfortable and confident in our business relationship and controls upon TPL. Presumably that's why the BOD let him off that Fraud, Breach of Fiduciary Duties, etc, Civil Complaint we filed; only after the publicized revelations of the Marcoux case came to light.

I believe the PTSC BOD almost certainly knew at the time of our Settlement that TPL was soon to file BK, even Gloria herself had previously stated under oath that TPL was "clearly insolvant". It's been asked before .. could that be why the New Com Ag was put into place, and why it curiously substituted Alliasence instead of TPL as the negotiating entity, thus now making Alliasence the BK insulated company and cash cow for DL ? Was PTSC unwittingly (or not) helping DL plan his upcoming TPL BK, and was the benefit to PTSC the elimination of subjecting all TPL negotiated MMP license proceeds from a percentage payout exposure to TPL's partners like Brown and others as the Court ultimately ruled in the Brown case ? Besides a tiny $1M payment we extracted in the Settlement, what else of beneficial significance for PTSC or their effective control over MMP licensing or share of MMP profits changed within the New Comm Ag ? Anything ? Was making PDS the Licensing entity instead of TPL enough to move MMP Licensing ahead, and with higher fees ? Apparently not, and we're seeing the ineffectiveness and shallowness of that change exposed in the BK court today.

PTSC Shareholders were foolish to not have collectively raised monies to retain their own legal counsel to hold PTSC BOD's feet to the fire so as to have interupted this whole TPL scheme long ago.

IMO, it's the PTSC BOD's passiveness, submissive and weak contractual agreements with TPL, their egos, inexperience, and repeated terrible business sense, which lead to the environment that allowed TPL's fraud to grow and florish into what we are dealing with today, and how that has so negatively damaged and contributed to the failure of our company and our stock.

There isn't much ticking left in the life of our corporate clock, but the PTSC BOD will likely continue to draw what cash pay as they can, while they can, for their ongoing "efforts".

I'm sickened in so many ways by our company's woefully inadequate leadership.