I think it is time to send a certified letter to the SEC from a law firm specializing in corporate/securities law. IMO it is important to have the letter sent explaining the TPL - PTSC - Swartz triangle prior to any potential settlement with the T3, as I fear shareholders will continually be led blindly down a destitute path long after a confidential T3 settlement is completed, sporadically being fed scraps from the potentially one billion dollar plus MMP gravy train.
I am convinced the lack of information pertaining to the ComAg from the PTSC - TPL litigation where serious allegations were brought against TPL should have provided more freedom on how PTSC communicates material information to shareholders. All coverstories to excuse the lack of information to PTSC shareholders have been exhausted.
The litigated settlement is confidential. The ComAg, if amended, is confidential. The MMP attorneys have been changed at this late stage only a few months prior to the Markman Hearing where no work is completed during Thanksgiving and much of December due to vacation schedules. Shareholders were expecting substance from the settlement and we have seen nothing. All of the facts above demand shareholder action and through action shareholders might be able to influence settlement details pertaining to the T3 litigation.
Ron, I know you are busy but I would be willing to give 100 dollars to you to hire an SEC attorney to document shareholders' strong suspicions that the BOD of PTSC may have breached their fiduciary obligation to PTSC shareholders. I am assuming the total cost of the letter should be very modest as this would be a first step in shareholder action. It is an easy step in the right direction.
GLTAL
