biajj,

What DL did by pulling PTSC into the JV, was to "embrace and smother". DL eliminated any potential competing MMP licensing activity, and effectively gained complete control/authority over the entire MMP; while at the same time finding a passive "partner" to feed his licensing company significant cashflow while allowing a double dipping of any MMP profits.

Our BOD failed us.

Yep! And he is going to keep complete control of it. There is simply not enough time for our BoD to do anything, even if they wanted too. He has won. It would not surprise me if our BoD did not give him our portion of the MMP before this is all overwith--and we don't have much time left. GL, ads