I have been in communication with a lawfirm that is interested in looking into the ptsc situation regarding the current bod, former toxic funder and former insiders and board members. I did my best explaining the situation and they did their dd communicating to me there are no conflicts of interest regarding the parties I mentioned to them that may be involved.
This is no joke. There is information that the law firm needs to complete their dd. The info they are requesting is beyond my knowledge and historical perspective so I am asking for the leaders and old timers who want justice and possibly the seating of a new bod plus the potential to claw back funds from those who did not act appropriately at ptsc or tpl to get involved. I discussed this with the law firm so they know how I am trying to move this forward.
I have no interest in doing this in a vaccuum or by myself, for that matter, I would like to reduce my role and put more knowledgeable folks who have been hurt by ptsc and tpl's actions more than I in charge. I will stay involved and give guidance where I can regarding how and what may be needed by the law firm to decide to take the case. As I have said in the past, I have been successfully through a situation where a handful of shareholders did pursue action against a publically traded company and did end up with some level of success plus control of the re-orged company that now has a future and the potential for those that stayed the course to recoup their losses and turn a profit.
I would think that the next step is telephone communication with those that can be trusted so I can go into detail what the lawfirm is requesting.
So, to the board, how do I determine who can be trusted and who can't. PM me or state on this forum your thoughts but if you want this to go anywhere take action and communicate with me. I can almost guarantee that with the right information the lawfirm will jump at this case.
Thanks
