Milestone:
PTSC got on their soap box and announced to the world that TPL was; quote “ On April 22, 2010, PTSC filed an action against TPL and Alliacense LLC in Santa Clara Superior Court alleging claims for breach of contract, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and interference with contract, constructive fraud, for preliminary and permanent injunctions and for an accounting.” Then they got back on their soap box and announced to the world; quote “Patriot Scientific Corporation and The TPL Group today announced that they have jointly reached an agreement to resolve and settle all claims and issues between them regarding their Joint Venture for the commercialization of the MMP Portfolio. The agreement includes mutual payments and mutual releases, which will end the uncertainty associated with appeals and ongoing delays within the court system, and lay a solid foundation for future cooperation between the parties and their combined pursuit of the business of the MMP Portfolio.
Many shareholders have called PTSC/TPL with no answer on the above PR’s, or the company's refuse to answer their phone calls. The shareholder demand to know what the settlement was, and any detailed agreement they mutually agreed on to the settlement of PTSC’s lawsuit. If the company refuses to put out a 8-K showing the new M/A or a corrected one, I think the shareholders have every reason to ask for a “special shareholder's meeting concerning the above.” This one subject alone is enough for a meeting.
Wolfpackvoltare
