I believe, not 100% certain, that TPL's cash burn rate (not to be technical) is a lot higher than ours. If that is the case I don't see how they could buy us out.That is not stopping someone else from buying both enities, but that would have to be with both of our approvals.Now what we have to worry about is voting shares, who owns the majority of the voting shares. We know that swartz owns, or did, just under 10%. The company has, not so aggressively, been buying shares back, would those shares be the voting right of the board?Are there any more 10% owners, I don't recall seeing any? We do not know who is buying shares while the price is so low and this is what concerns me to some degree. What is to stop TPL from making some kind of deal with a major infringer, having them buy PTSC shares, then have the rights to the portfolio revert to them. Who is complaining about 390 million outstanding shares now? Seems to have been a plan for some time now, no?
