I don't recall Dan Leckrone being asked or recognized to talk but he jumped up and immediately praised Agility who was hired by Lechrone,on Jan. 20, 2010 prior to working for us.

Jim did mention 336 was his favorite because of the longer expiration date.

The I.T.C. only deals with imported infringers. And winning one suit doesn't always hold for all infringers.

Barco suit was not pursued because of the low amount of our product they used.

From my notes at SHM. Lechrone said "about $350 million LESS EXPENSES was paid to PTSC". No mention as to the AMOUNT of the expenses. Doc.

My notes say he replied "I have received 8-10 stock options and never sold any".

Also in regard to Mr Stan C, he asked the tough questions in a civil manor. That shouldn't be mistaken for being soft on the board. He did a great job. Also, Marc's account of the 40 attendee's as not being business people was, in my opinion, wrong. I spoke with several very sharp people at the breakfast. Doc. JMHO

My notes on Leckrone are as follows,"less than 5 portfolios of 90 transactions were mixed portfolios. $350 million so far, less our share of expenses went to PTSC." (Our 50%) He also answered a question about signed sales not reported yet so they could use them as window dressing. He implied that there weren't any unannounced sold portfolios other than the few that insisted they not be public. My guess Apple,etc

The fact that they said they cant discuss the Apple license, implies there was one. If there was no license there is no problem saying we hope to license them in the future. It was also said that there were a few other licenses that requested no news be released but that it was rare. My feeling was Apple signed a while back. Lechrone also said something I didn't understand. He said it wasn't the J3, it was J5???

Started slightly late because our board couldn't figure out how the on off switch on there mic. worked. Approx. 40 people attended, plus 5-7 employees. 295,145,289 or 72.66% voted by proxy. Meeting adjourned at 10:06 . Q.& A. started. Stan Caplan said, on Nov 2011 he proposed a plan to improve relations w/board and S.H's w/ transparancy w/ implementation of 7 points Asked if he could get answers to 7 points. 1. No more virtual meetings. Ans. NO. #2. no more investments. NO. #3. Return to dividends YES. #4.Reduction of board pay. NO. #5 (missed). 6 Directors buy 100,000 Shares. NO. #7. Missed. Wolf asked for Brian,what does PTSC look like in the future? Ans. Flowers, he understands our frustration but can't comment on future w/o knowing litigation, future income, future litigation. Mark Spora asked Business strategy going forward? And whether the board was embarrassed for their income as a result of what has occurred in the past? Flowers answered he worked hard for his salary, $292,000. Shaboom(Roy) asked, On what date was the meeting of the Board which determined that the approved Shareholder Proposal regarding"majority vote" would not be implemented. Flowers answered the Board never accepted the vote, it was always Non-binding. Q. why did it take 10 months to let us know? Ans. It was always non-binding. Daniel Krone asked, how will we know if PTL is above board w/ license? Flowers said Procedure-review- guidelines, can't say any more. He said he was satisfied it wont occur any more. Sounded like "Trust Me". SURE. Larry asked If a disagreement w/ TPL occurs what happens? Ans. TPL agreed to increase review. Roy commented, why wasn't it that way to begin with. Asked about ownership of stock, Gloria said she owned 800,000 shares. Johnson said he has exercised 8-10 options and never sold any shares. Flowers said they were trying to sell PDSG. Johnson said hearing w/ Judge Ware "went very well". Dan Leckrone said he owned 3 million shares. He was asked about bundling portfolios? He replied he never agreed to not sell other portfolios. Said less than 5 portfolios were mixed of the 90 sold. Leckrone said the MMP has had 17 re-examinations and won them all. Cost of $13-$15 million. 6000 pieces of prior art defeated. Licensing team has 100 ongoing negotiations going on right now. Q. If we win Markman will we go to trial or continue as we have in the past of just signing. Lechrone said suing is a crap shoot. Would like to avoid. Q what about Apple? Ans. Not allowed to talk about it.