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Re: boug5309 post# 21038

Friday, 01/16/2015 10:46:13 AM

Friday, January 16, 2015 10:46:13 AM

Post# of 23258
boug- I think that is a typo because the previous Q report said the same thing. This included the Palace Entertainment settlement. So where did the additional $1 million come from as there have been no other announced settlements than HTC? My bet is it came from HTC.

"On October 9, 2014 PDS's cash balance was $393,037. Management's plans for the continued operation of PDS rely on the ability of PDS to obtain license agreements to cover its operational costs. PDS has experienced a decline in licensing revenues and has not obtained significant license revenues since September 2013 and it is unclear when any additional licensing revenues may be generated."
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