Per CJ's deposition, and based on the debts TPL has racked up he said:
"I am concerned that he (Leckrone) will continue writing licenses to benefit TPL at the expens at he MMP Porfolio licenses. I am equally concerned we will never recover these lost funds due to TPL's insolvency and the diversions will have a aprofound impac ont he value of the MMP Portfolio."
Considering 20 or more companies, which include Apple, Tyco, GE, Motorola, and numerous others paid an aggregate of $15.48 M for their licenses, it's clear that CJ's concerns were well founded and have been realized.
Rather than support and protect their shareholders, they instead freely and overtly thwart the collective will of shareholders as displayed in their treatment of shareholder resolutions, votes and questions, continue to feed company money to the man who defrauded us, and then provide him with an apparently unrestricted platform to freely mis-represent the success of the licensing program and to foolishly characterize the legal proceeding that is the Markman Hearing.
What specifically was done to rectify the issues that were brought up in the lawsuit and why have they not been specifically communicated to PTSC shareholders. Clearly, whatever they were has not worked to our benefit. The PROOF is in the 10q!
