Re: judd gray...what a "great" idea - NOT
in response to
by
posted on
Jan 10, 2014 02:38PM
We are where we are and one of the main reasons why we are here is because of the Leckrones, which were NOT our partner then but Moore's partner and in order to get the licensing business done the former management (Mr. Pohl) ended the litigation with Moore/TPL and decided to join forces with them - now tell me WHO is really to blame for this mess we are in?
So you blame solely the Leckrones for where we find oursleves.. We have been 'partners' with him for 8 yrs... And the only MMP licenses bought prior to the partnership were INTC & AMD.. everything that has brought us to where we are is due to being a 'partner' with DL/TPL.. and the big red flag that he raised when he stole half of Moore's ownership in the MMP should have been enough to warn everyone including our illustrious BoD... Not even taking into account what the BoD directly are responsible for: lost tens of million$ via horrendous 'M&A'.. handing out additional million$ to warrant holders via divys.. increasing the outstanding shares from 40 million to 400 million.. Who was responible for keeping a sharp eye on the guy with the notorious past?? Who was responsible for PROTECTING the owners/investors (US!!) of the MMP patents?? Who gave complete control of OUR technology to the Leckrones?? Who let DL initially fill the 3rd seat on PDS with his employee?? Who then let the 3rd seat remain unfilled for years?? Who gave DL the opportunity to license the MMP for millions of dollars and then only claim a pittence was for the MMP?? Who quickly settled litigation with DL when he was caught stealing from PTSC investors and then actually increased their monies going into PDS, loaned DL a $Mil and let him remain the sole licensor ?? Who allowed DL to skim millions out of PDS as 'expenses'?? Who gave DL the means to ##### the investors in PTSC when meager, reduced fees where revealed in court that directly cost us million$ in judgement and caused potentially irreparable damaged to the MMP and its worth?? Who had our back thru all this?? Who is responsible for where we find ourselves?? Who's fiduciary responsibility was it??!!
I think our BoD is fully responsible for where we find ourselves, but won't do squat because they are deathly afraid of DL and know that he would burn them to the ground if push came to shove.. all because they didn't uphold their fiduciary responsibilty to the investors by letting Swartz and then DL run rampant over this publically owned company.