Damages
posted on
Nov 05, 2015 11:24AM
There is no question in my mind that PTSC and its shareholders have been damaged financially by the Leckrone intransigence and trickery. The inability to generate income has clearly negatively affected the company's stock price. Would it be prudent for PTSC to file a claim for damages against TPL, Alliacense, Dan Leckrone and/or Mac Leckrone asap, if it is legally possible? Leckrone was witnessed at a PTSC SHAM to value the MMP at $1B, some of which was realized. Let's say that based on that assessment there's $500M left, meaning PTSC would see, say, $200M. That would seem to be the lowest amount of damages to seek.
Thoughts?
As an aside, could PTSC shareholders bring such an action? On contingency? Cliff's Declaration would serve a good evidential basis, as would the Novation and prior agreements.