https://www.sec.gov/Archives/edgar/data/836564/000101968716007289/patriot_8k.htm

I hardly follow any longer, I was recalling by half memory. I still expect a Chap 7 change at some point.

Anyway, this company has long appeared to me to be little more than a full employment personal enrichment opportunity for insiders and their enablers.

A TPL filing change from Chap 11 to full blown Chap 7.

As I recall, the MMP not to long ago was placed in a new LLC, with DL the LLC Manager. The other unrelated TPL assets may have also undergone some ownership/asset change to one of the other companies associated with his Son or family members as well.

The Creditor's Committee was feckless and far too accommodating because they were so fearful of not recovering anything. In the end, they will likely lose it all anyway. Didn't one of his large creditors recently just petition the court because he wasn't paid as previously arranged ?

This creditor's law firm may see the writing on the wall and want to cut their losses.

In the meantime, the PTSC corporate welfare-ists continue to fill their pockets by draining the treasury with their ridiculous $45,000 monthly compensation for a less than penny valued stock, with rapidly evaporating .. to no assets, and little to no income.

I think there is only one concern these people continue to care about as they continue to enrich themselves, and it has everything to do with their arrogance and the massive losses suffered by angry PTSC investors and their families.

.....................

So much to say, but it's not worth it ..

You think anything has changed ? I won't waste the money to order a copy of the LLC Member list (& ownership percentage) and who the Managing Partner(s) is, etc.

Sure seems to me it's about the last scraps, scraping off whatever is left in PDS, PTSC and nusiance licensings, creating a revenue channel for lecky that is outside the Creditor's Committee attachment... keeping the whole hampster wheel going, outrageous salaries, expenses, and legal fees.. 1 dollar in: 7 dollars out.

You think this is to benefit PTSC Shareholders ? LOL

Entity Name:
MMP LICENSING LLC

Entity Number:
201622210107

Date Filed:
08/08/2016

Status:
ACTIVE

Jurisdiction:
CALIFORNIA

Entity Address:
2310 HOMESTEAD RD STE C1-505

Entity City, State, Zip:
LOS ALTOS CA 94024

Agent for Service of Process:
MAC LECKRONE

Agent Address:
2310 HOMESTEAD RD STE C1-505

Agent City, State, Zip:
LOS ALTOS CA 94024

.....................

"We are pleased to have entered into a Nunchi® portfolio related settlement arrangement with Mivatek," said Fred Falk, president and CEO of eDigital.

I believe ... And here you have the source of the initial Falk connection to Woody Norris .. and thus began the slowly unfolding cast of characters who brought us the entwined "Java Chip"/ PTSC story, and the self serving, utter disasterous business failure they turned it into.