Delays In Deploying A Licensing Agent Are Adversely Effecting Us.

"PDS’s sole licensing agent implementing the MMP licensing program is Dominion Harbor Group, LLC (“Dominion”), which was appointed in October 2014. Since PDS’s previous licensing agent did not cooperate with the appointment of Dominion, Dominion has been redeveloping information and strategies that should have been transferred from the previous licensing agent. Accordingly, it has taken a significant amount of time for Dominion to develop such information and strategies. As a result, Dominion has not been able to commence revenue generating activities under the licensing program, which is having an adverse effect on our ability to generate revenues from the MMP portfolio. We do not know when Dominion will complete the development of information and strategies. Until such development is completed, we do not expect to be able to generate significant licensing revenues "

Translation:

We are an inept bunch of fools. We have botched our stewardship of the most important asset the company has ever had. We are, however, fairly good at blaming others for our failures, deflecting attention from our ineptitude, and of course cashing paychecks out of our quickly-depleting cash account. Given our present burn rate we should be able to retire about the same time as the cash runs out, i.e. 3 years from now (unless somehow Dominion saves us from eventual doom, yet even though we employ them we do not know when and if they will be of use).

THE SCAM ROLLS ON >>>>>>>>>>>