According to yesterdays PR from Patriot
Phoenix Digital Solutions
We have been seeking the appointment of a new and independent third member to the management committee of Phoenix Digital Solutions (PDS), the joint venture that aggregates the ownership interests in the MMP Portfolio, and which facilitates the unified marketing and licensing of the patents. We have initiated an arbitration process for the selection of this third member. We believe the appointment of an independent member to the PDS Management Committee will facilitate decision-making in the best interests of the joint venture.
According to the 2/14 Disclosure Statement For Official Committee
The Steering Committee shall be authorized and empowered to select individuals to fill vacant seats on the PDS Management Committee, including the seat vacated by
Leckrone pursuant to the Plan, subject to the applicable terms of the management agreementbetween TPL, Charles Moore, Patriot and PDS.
