``If Pol is playing the milkmaid here, then I am out at any place over $1.00 a share. If Pol has other things going on then maybe I stay. But at $1.00 a share that is $600M in royalties paid on a straight buy of the IP. Cause remember 1/2 of the payments go to TPL.``

and wondering about you, man! First, $1.00 a share based on a buy out of our IP? Why the heck would PTSC/TPL even consider that? Or is it $1.00 per share based on licensing fees totalling $600M (and split with TPL; and I don`t know why you used the word ``royalties`` as it doesn`t apply in your scenario). But that would be $1.00 per share in earnings. If this happened near term (with many, many infringers left to go), tack on a P/E of at least 50, and we`re at $50 per share.

In fact, running the numbers, I figure we should be at $1.50 right now, if it weren`t for the warrants, some uncertainty, and marketplace (investor community) ignorance. After the dividend is issued, and OH covered, PTSC sould have around $9M in the bank. Snapshot in time says we`re at earnings of 3 cents per share (against 300M shares). Tack on a P/E of 50, and we should be at $1.50 right now (again, ignoring the warrants, the uncertainty - which S/B waning, the PTSC being somewhat ``invisible`` to the average investor - which Turley could influence). And recognizing the situation and it being very early in this game, the P/E might should be much higher.

Again, not trying to be offensive, but either you are confused or you are trying to confuse others, or you simply don`t express your thoughts very well. But if you`ll be happy exiting at $1.00 a share - okiedokie!

Corrections to my calc above is welcomed.

SGE