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Why would an insider sell right before quarterly earnings are due? could it be because they are really good? Probably not.
Insider selling! No good! See link below why would a major shareholder and insider be selling right now if success was in any way going to happen in the near term? I'm afraid we already know the answer.
http://www.sec.gov/Archives/edgar/data/886328/000129549010000003/xslF345X03/primary_doc.xml
Bid .089 Ask .09. How low will they want it to go before a buyout by a group Baroni puts together is offered? If there is any value here I expect mgt and the BOD to figure out a way to take it.
The letter looks good. I do not buy the worries of people who say that contacting the USPTO is going to somehow jeopardize the '336 or other MMP patents. If contacting them many times would hurt the MMPs consideration you can be sure that the infringers would be doing it anonymously to the hilt. I sent them a letter myself. Looks like .09 may not hold the day but the volume is low so who knows.
.096 pennies..lower & lower better to cut your losses and sell here just to be safe. The optimist has ALWAYS been disappointed on seemingly important PTSC milestones....so much so that even the optimistic poster "milestone" over on the Agoracom board sold his shares. I plan to take another look at PTSC IF the USPTO approves the '336 by denying the latest reexam attempt...PROVIDED another reexam request does not come along shortly...which somehow seems to keep happening...and then the US GOVT bureaucracy, the US Patent office, will be sure to handily deal with it in 4-6 months...but only if it has no merit. If they think the reexam request does have merit then its a BS 3-4 year odyssey. I kind of think the latest reexam will move forward because it only costs $5k to file a reexam request and they are ALWAYS considered by the US patent office and they always take 4-6 months to dismiss if they have no merit. It is very easy for potential infringers to keep filing these reexam requests for 5K rather than paying millions.
Rumor has it Stan Kaplan sold and is no longer a PTSC shareholder. This would be very bad news if it is indeed true because he had a muilti million share position.
mkendra-I would sell ASAP. I have been watching the trading and the bid and ask have been inching lower every day. .08 should be reached sometime next week.
A buyout at .114 would be a 20% premium would be welcomed by shareholders. If there is any value in PTSC there is a very good chance it will be sold off to Baroni or another company. The execs and board members would get millions in severance and future positions at whatever entity acquires PTSC. There is not way you can win as a shareholder at these prices. I would have to recommend selling at this juncture. There is a plan to drive out common shareholders to get the price down for a buyout imo. The main reason for my speculation is the company is doing absolutely nothing to try to enhance shareholder value and I have seen this happen before with other companies.
Closed at .095. 9.5 pennies to go until this is finally over. It seems inevitable. And you are wheelcomb!
Poised to trade lower. Now into the single pennies the last few trading days. Should close below .10c possibly this week. There is no positive information about PTSC publicly available and none of the company PR even hint at a good outcome for investors in PTSC. I could not tell you what the weather is going to be like tomorrow but I can tell you with certainty that PTSC will trend lower.
Tagligh Brothers- The company PTSC pays for "research" May 11, 2010 report says they "can no longer put a value on the company" and mention they had PREVIOUSLY rated it a "strong speculative buy"
Ouch!
http://www.taglichbrothers.com/TaglichTrack/Reports/patriotsci/patriotsci-05112010.pdf
Sub .10c. seems inevitable.I may add more shares if the reexam the USPTO has been considering moves forward. I have a very small position but it will become very large after the patent office approves a new reexam and the share price drops to 2-3c. I feel that a reexam moving forward will prompt a fire sale of PTSG to Baroni and an extreme paring down of operations at PTSC to reduce the burn rate in order to survive the 3-4 years a new reexam will take. The patents will be mostly expired by then but there is a look back period and those notified of infringement can still be pursued. I would not count on the reexam not moving forward as thus far in PTSCs history with the USPTO most decisions have not gone their way.
With the MMPs constituent patents being rejected there is little hope the rest of them will be approved any time soon now. Even the inventor of the MMP patents is losing his house and trying to live on his social security payments. Read his blog linked below. If a 25% owner of the MMP is getting his house foreclosed on where does that leave us?
http://www.colorforth.com/blog.htm
THANK YOU!
MMP Patent rejected by the USPTO today:
The '890 got a final rejection notice today. Look out below this does not bode well for the rest of the MMP. No wonder Moore was so sanguine on his blog.
You should thank me rather than the sarcastic retort you intend. I would hope that after the disclosure than Agoracom employees posted on their boards in order to pump stocks such as PTSC that you would reconsider that people who post realistic criticisms of a stock are not simply "bashers" working for the evil market makers or something. Wake up. You can be both critical of a stock and also hope the share price moves up.
PTSC is suing its Lawyers while it lends money to them. How to parse this? Basically PTSC is now accusing TPL of doing what we all hoped was not happening and that was sell the MMP at a "discount" in order to also license their other patent portfolios such as "Fast Logic". Ouch! Could it get any uglier with the MMP patents tied up for almost 4 years by the USPTO and the two parties who own the MMP in litigation over a $1 million unpaid loan and breach of the PDS Master Agreement.
You're wheelcomb! I know you are being sarcastic but you have to realize I have been in this since 2006 and have become very jaded and disillusioned. If PTSCs BOD and mgts goal is to lose the shareholders and drive the PPS down they are executing just perfectly.
Driving the share price down, getting rid of current investors and scaring off new investors seems like the goal of PTSC. The admission that licensing has stopped (by saying you are working on getting it to resume) as well as suing your lawyers WHILE LOANING THEM MORE MONEY and providing no suitable explanation is criminal IMO! Cliff Flowers may be the acting CEO but he is doing nothing to help the share price and it appears he is trying to get it as low as possible. I no longer think PTSC BOD and management is acting in the fiduciary interest of the shareholders. It appears to me that he is working to get the share price as low as possible to go private possible with a consortium of investors led by Baroni. There is no other explanation given the information we have to work with. I will personally contribute to any legal action against PTSC BOD and Mgt if in fact they go private. I don't care if I lose more money doing this. I am sure there are many PTSC investors that will financially help launch a legal class action. I don't care if the best legal outcome of such an action is a Pyrrhic victory.
PTSC suing their IP Partners is sure not going over well with the market. I would not expect PTSC to come out and say anything positive in defense of their stock. I have a theory that PTSC wants the PPS to tank so they can sell the whole thing off to Baroni and screw the penny stock shareholders they disdain. I am sure the Board of directors will get golden parachutes to go along. Hey, maybe these agoracons have something about the BOD screwing over the shareholders. Too bad the SEC cannot even spot a con as big as Bernie Madoff. They certainly wont look into the OTC:BB.
PTSC went from loaning their lawyers money last quarter to suing them in court for not paying back the loan this quarter along with loaning them MORE money. This does not look good even to those who know what is going on.
In a few weeks PTSC should bottom out at 8c -10c range. Gotta love how the Agoramorons keep crying for the board of directors to resign when nothing will help improve license rates until the fog of the USPTO reexam process, which has been going on since 2006, finally clears.
The good news!! PTSC will be done in about 6 quarters at their current burn rate and this board along with Agoracon will cease to exist....along with my investing future.
Earnings report....YIKES! TPL in default on previous PTSC loan so they loaned them more money! Should trade lower next week possibly below 10 cents. Nothing good in the report.
Earnings are due 4/8 and of course they are waiting until Friday PM to release them. I can only guess how bad they must be. Cowards.
True-Most investors have given up on PTSC and EDIG so the news probably wont hurt the PPS. Sad to say that is a good thing.
Wolfp-I always knew Agoracon was a fraud. Any poster who raised legitimate questions about their EDIG or PTSC investment would get smacked down or kicked off. I wonder if the Agoracon pumping is the only thing keeping PTSC at .14c and EDIG at .125 and if without the pumping they will collapse. This bad news may hurt both companies share prices because there will be suspicion among the investing public that EDIG and PTSC management are in on the pumping. I believe both EDIG and PTSC have paid Agora to be promoted in the past. Very bad news hopefully we dont get taken to the woodshed next week and we will certainly get our name mentioned in the court proceedings against Agoracom over the next few weeks/months as the legal "discovery" phase subpoenas get served. My best hope is that nobody cares about these two stocks anymore.
sad loser the USPTO has the both the broke TPL and the almost broke all tied up. No BOD in the world can change that.
Arcelik -the latest licensee is actually a huge company with billions a year in sales. Sadly they probably got the special "first mover" discount for being the first turkish based company to buy an MMP! LOL! I think there are an unlimited number of "first mover" discounts available from TPL. The next "first mover" discount will probably be for the first trans-gendered led company to buy an MMP...and so on and so on until our corrupt patent system grinds out a tangible result from the ridiculous 3 year MMP reexam fiasco.
Another license will not move the PPS as the assumption is they are being signed for peanuts until the USPTO finally ends their anti inventor unlimited reexam policy. Even after(or if) the MMP gets a NIRC (notice to issue a reexam certificate) from this latest reexam it will still take another 90 days before it is considered official and is printed in the USPTO Gazette. Until it is official this company is on life support. Basically financially broke TPL (they had to borrow 800k from PTSC!- its in the last quarterly report) is signing licenses for pocket change in order to survive for a few more months. The market knows this because the last quarterly report showed minimal license revenue and what little there was got eaten up by PTSG. Sad story.
26k in volume! NO MORE SUCKERS! Anybody who is still looking knows thet EDIG is collecting next to nothing on these so called "licenses".
NEWS! Roland pays EDIG next to nothing to go away but just enough to keep management and the BOD employed and the sucker investors holding. Less than a $5 MILLION settlement is defined in the IP litigation industry as "nuisance" value. EDIGS last quarterly report showed that one license for a medium sized company cost less than $225,000! LOL! Even a behemoth like SAMSUNG only paid 1 million. Basically EDIG is extorting money out of these companies and the companies realize it is cheaper to pay EDIG for a "license" rather than pay their lawyers.
EP- Schwartz and those who sold the majority of their positions before the reexams took hold are the winners here for now. There is no conspiracy in saying that Schwartz sold into every license announcement mostly prior to 2006. He had to file with the SEC because his ownership % of PTSC was so high and now he does not. Granted he took a risk in PTSC and without his investment we probably would not be bitter shareholders now but it is still hard to take the fact that he was smart enough to sell most of his shares before the reexams and reap huge gains. He acquired his shares for less than .01c! PTSC and also TPL pissed away most of their MMP money on bad investments or failed chip ventures (TPL). At least we did not have to borrow money like TPL did from us! This is a sad and painful story and hopefully the horrible waiting will be over soon...up or down.
redf-once again you have identified the key error in my post. You got me! Keep up the sleuthing you serve us all well with your insights.
you are delusional if you hope to convince other investors that anything having to do with PTSG is going to give the kind of return that will move the value of a company with over 410million shares up one inch. If we are lucky we will get to sell PTSG off for a minor loss. Only the MMP can generate the kind of revenues that will be necessary to see a major PPS increase. Licenses went for 10-15 million each for pretty big companies before the tactic of never ending patent reexam requests were made to the USPTO. This may end soon and then the MANY HUNDREDS of companies that have received written communications that they are infringing on the MMP will no longer have the excuse that the patents are being reexamined to fall back on. Why pay for infringement if you can just say that the US patent office is investigating the validity of the MMP...unless of course you get some real good deal on a license..which in my opinion is what has been happening for the last 2.5 yrs.
News= Baroni uses PTSC shareholder resources to build up PTSG (Crossflow) acceptability with benchmarks that will help it become successful when PTSCs BOD sells it to him for pennies on the dollar for what we bought it for and gets paid by us as a consultant to do it. That is the bottom line here folks. The only hope is the MMP imo so dont get distracted by this fluff PR designed to serve Baroni and help him grow through acqusiition as he himself has stated publicly.
170k in vol. & no PPS increase! No more suckers I guess. EDIG 'aint fooling anyone with their fluff PR for licenses that pay almost no money.
IKEGAMI SETTLES!..for a negligable amount but just enough to keep this fraud of a company paying its management and board of directors. Like the last "royalty bearing" license with Wolverine Data I expect about a tiny sub $200,000 up front fee and the a few years of tiny royalty payments. Just enough to keep the suckers on Agroacon hobbling along holding out hope.
ronle- If you do not want to look at your "investment" in an objective way then you probably should not be investing. If PTSC is such a great stock how come the 3 year chart looks like a double black diamond ski slope? You seem to think PTSC is perfect if only other could see what you see. I am objectively looking at PTSC and trying to see what needs to happen for the share price to actually go up. The market does ignore the license announcements. Look at todays volume. The same thing happens every time a license is announced. Dont you wonder why? Do you think it is just the evil market makers keeping a good company down?