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The MMP licenses dont pay squat according to the financials. Most investors have figured that out. Until there is a quarterly report where the licenses cost more than nuisance amounts then the stock share price will go nowhere.
PTSC gives NJ free software= PR! How pathetic. PTSG has to give their product away and then they have the gall to issue a PR. This is the type of PR pink sheet stocks issue to pump up the PPS. Not saying PTSC is pink sheet just that it looks bad because anybody can see that no "contract" or money came PTSGs way due to this event. Pure fluff.
http://finance.yahoo.com/q?s=ptsc.ob
Good thing nobody follows EDIG anymore or we would have sold off on the poor quarterly report. Less than 33k volume!
Q3 Report: 284k in earnings! ROFLMAO! Looks like Wolverine Data paid pocket change in their up front licensing fee. So EDIGs IP licenses are worth 284K or less because EVU service revenues were probably included in the quarterly report. EDIG should sell off today if those in the know did not already sell. I give EDIG management credit...at least they were not cowards and release the report Friday PM as I would expect.
if I ever make money in this stock it will be a pyrrhic victory.
These PM PRs are great! The share price does not even get a chance to sell-off. The BOD has finally made a decision that has yielded a positive result. No more sell- offs on every PR by people like Schwartz and other large holders who got shares for fractions of pennies. They have been selling off their millions of shares into hopeful foolish retail investors like myself on every am PR for years. I expect them to sell completely as the capital gains tax rate is set to go up when the Bush tax cuts expire in early 2011. Bravo BOD and congrats on the new strategy.
2 New signings= 0 increase in the share price imo. Small pop and then right back down like all the other signings. The market knows that the signings are just selling opportunities for those in the know like Schwartz to dump their shares. Its already moving down and there are large 50,000 share sells at the bid. The signings have only represented an opportunity for insiders to dump their shares on the retail shareholders. Not saying that is what I want just making an observation.
Baroni better produce or he will look like he is FOS. Unfortunately for us I think part of his expansion will be securing contracts for PTSG in return for (Attaining) ownership. He has stated he intends to grow through acquisition. It would be sad if we were paying him $109,000 so far to do his due diligence on PTSG.
Several hundred thousand share sells at the bid went off today. Most of the volume was on the sell side. Somebody is dumping a large position similar to the large sells before the shareholder meeting. As of 2:15 the volume is 537,000 and the 2 large sells add up to at least 350,000 shares. It does not look good.
redf- great report from the SHM! Thank you for the valuable insight! Keep up you strong contributions to the board!
The BOD has failed to perform due diligence and essentially stolen our money to pay off their friends in the acquired worthless PTSG companies. They had a golden goose in the 200 MILLION the MMP has generated and pissed it away to pay off their friends and enrich themselves. The only acceptable action that would satisfy their dereliction of fiduciary duty would be suicide. They have no honor though and will not take responsibility for their failure.
redf-may your report be as helpful as your very insightful posts here on I-HUB!
Once again a couple of hundred thousand shares sell at the bid after about 3:30pm. Bad news brings the share price down and "good" news also brings it down so my prediction is we will go lower. It seems to be correct almost every day. I think Baroni and the board will finally be a lot happier once they get rid of us pesky shareholders. They seem to be driving the shareprice down to a level Baroni can pick it up for cheap. They sure have us shareholders on the run. Too bad everybody knows the SEC does not give a darm about the OTC BB market. Sickening.
Just hit .12! Bid .115 ask .12 lots of sells this afternoon. Somebody must have low expectations for the shareholder meeting. The volume went from 360,000 shares to 941,000 shares in about 20 minutes. All the trades were sells (that is at the bid). Hopefully the bid and ask will recover today from this large sell.
AM Bid .1305 ask .14 Poised to drop this am. This stock seems to want to creator. Meanwhile over at the Agoracon board all is well and happy with all contrarian thought carefully edited out or deleted and an atmosphere that a company should not have to answer for poor performance as the price per share erodes daily.
0 Licenses this quarter with 1 mo & 10 days left. I take this fact with us having to loan our lawyers money and I have to say things look grim. We have a supreme court that recently rules combinations of prior art can be used to disqualify a patent and if one combination fails on a reexam another is simply used for the next. The infringers may eventually run out of combinations but my guess is the patents will be long expired and the 5 year look back to enforce them will be over. The PPS is heading back to .09 where it began when the "waves of licenses" and happy proclamations by TPL and PTSC said a reexam was concluded and license rates would go up...only for us to find out when the numbers arrived that the rates appeared to be the same "nuisance fees" we have received since the reexams picked up steam in late 2005 early 2006. Now we are not only getting low license fees but licensing seems to have dried up completely. I would happily help sponsor the expenses for somebody to go yell at these jokers in person before they give up and sell to Baroni for peanuts.
I hope some shareholders actually make it to Chicago to give the board of directors (if any of them are even there!) a piece of their minds. IMO the shareholder meeting was moved to Chicago to make it hard for the majority of PTSC shareholders to attend. PTSC, as a California company, has a disproportionate number of shareholders from that state. With support eroding at .14 the next stop will be the single pennies.
Possibly but how do you prove it? He has been selling millions of shares so it must have been over an extended period of time. The reason I say this is that EDIGs volume of shares traded is usually anemic. I say it looks bad to have somebody related to a member of the Board of Directors selling when things SEEM to be on the verge of substantial PPS appreciation. I looked at the 13G filings for Jerry Polis (son Eric Polis, Board member-EDIG)for this year last year and the year before and he appears to have been selling all along. He sold 5+ million shares last year and many millions the year before. I suppose you could also argue that he may be an old man that needs the money.....but why would he sell if the share price is expected to appreciate in the next year?
Major large holder sale! A SC 13 G/A is filed every year by shareholders with more than 5% of a companies outstanding shares. Jerry Polis is the owner/filer and while not an insider himself has a son on the Board of Directors of EDIG. He has reported owning MILLIONS LESS SHARES this year than last year. He is not TECHNICALLY and insider so he did not have to file SEC Form 144 to notify of the sales as they occurred. Jerry Polis must have been selling steadily throughout the year. This is very bad news because he certainly knows the status of EDIG based on his son's position on the BOD. Why would he be selling is good developments seem to be occurring? I think he knows that EDIGs patents will probably be declared obvious by the first company willing to challenge EDIGs "patents". I mean come on how can you patent using flash memory in a recording device. All it involves is using a medium to replace the magnetic tape or cd or hard disc drive. EDIGs patents are clearly obvious and the nuisance license fees collected so far (less than 1 million average per company licensed so far- IP legal experts define a settlement less than 5 million as "nuisance" based on the fact that legal fees are often in the millions for fighting off patent infringement lawsuits) will soon evaporate and so will the share price. Jerry Polis knows this and although he still has a lot of shares will continue selling to get what he can. Heck the shares only cost him a few tenths of a penny each so he is in the money big time even if he cannot get out completely.
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=EDIG&selected=EDIG
I was always concerned that TPL would try to hold out on licenses hoping to exhaust our cash so they could buy us out and unify the MMP for their sole benefit. The bright side is that this is no longer a concern! LOL! Now we have new concerns like how the USPTO reexam process makes it prohibitively expensive to try to get paid for inventions. A sad commentary when the big corporate pockets can file reexams and hold you off until you run out of money to pursue them for stealing our IP.
A possible scenario is this report was "taking ou the trash" to pave the way for unencumbered good news. Since the stock did not tank I assume people in the know have been getting out for the last month or more. It is sad that we actually have to loan TPL money.
redf-from the 10Q: During the quarter ended November 30, 2009 and through the date of this filing we and TPL each contributed $580,000 to fund the working capital of Phoenix Digital Solutions, LLC ("PDS"). We expect the contributions to continue in the future due to the working capital demands of PDS. Additionally, through the date of this filing we have loaned TPL $950,000 to cover operating costs in furtherance of MMP portfolio licensing.
http://biz.yahoo.com/e/100111/ptsc.ob10-q.html
IMO We are paying Baroni 25K a month to tell use to divest the loser acquisitions and sell the remaining valuable assets to him for nothing like to 10 million we paid for crossflow.
Sept-Nov Q had 6 MMP licenses 8 million in total revenue 3.7 million to PTSC with the legal fees deducted. Average is a little over $1 million per license. Possibly more from at lease 1 company paying in installments.
The legal tactic of filing patent reexams seems to be working for the MMP infringers. WE are actually loaning our partner in the MMP, TPL, 950k at 10% according to the 10Q. The reexam process takes forever and bleeds you dry. WE just loaned OUR LAWYERS money to pursue the litigation and deal with the USPTO. I don't know weather to laugh or cry. I guess we know TPL has not been holding out on us hoping we go under so they could get full control of the MMP.
Q2 loss was 2.7million.Pathetic. It looks like license fees did not go up. They will be out of money in a few quarters with losses like this. The stock will take a beating tmrw unless those in the know all sold out already. They took a company that only had to cash checks and turned it into a money pit and will end up selling crossflow/PTSG to Baroni for peanuts.
40 Days after the end of the Q is when it is due. We'll soon see. At least they did not roll it out on Friday PM like the last one.
I expect earnings Friday after the close as they are due Monday. I believe PTSC is an "accelerated filer". They received this status with the SEC because they filed late one year (one of the years when the ONLY BUSINESS was the MMP and all they had to do was count the money from Alliacense). PTSCs last poor earnings were released on a Friday and I am skeptical that licensing rates have actually gone up. The reason for this skepticism is the broken promises of the MMP being like a "patent on water", the failure to meet previously stated revenue goals for PTSG, the recent PR on licensing activity accelerating when it seems to have dried up, and the latest reexam. These guys are losers taking advantage of bigger losers like their investors. Also, there is no run up on the PPS prior to earnings which is almost unheard of when they are good. Hope I'm wrong but if you had to guess a direction on the PPS for the last 3 years it would be down every time.
The 10Q is due out by next week and it contains the licensing proceeds from the period after Alliacense and PTSC announced licensing rates would be going up. If the 10Q does not reflect that claim than you should have a buying opportunity possibly even into the single pennies. The next news will be out of the Shareholder meeting on the 28th (I say this since it appears licensing activity has again halted despite Alliacense and PTSCs claim that licensing activity had increased). The plain fact is they are either liars or they have no clue about where their next dollar will come from.
I would wait until there is confirmed positive news. I have retained a small position and sold the majority. Even after some good news there will be plenty of time to buy in as it is going to take a lot of good news to talk new investors into this train wreck. I would look for a good quarter that shows licensing rates that have actually increased such as the one due mid- Jan. Another bit of good news would be an end to the latest '336 reexam although that could take years. I would think the best bet is to wait until after the shareholder meeting on the 28th of Jan. There is the possibility that the company is sold for a song after being driven down to a few pennies. Dont believe the board of directors gives a darn about "investors" in penny stocks and the SEC will never look into any perfidy at this level of investing. The board of directors has only demonstrated failure, poor judgment and cronyism. They will need to show they care about the share price and company performance.
Maybe its people getting a jump on tax loss selling! Only 361 days left! LOL
I have sold 245,000 shares.I have lost money on PTSC. I reserve my right to analyze PTSC critically and I think that .14c a share is the problem, not me. My remaining 5,000 shares will be sold as they approach their .09 purchase price. I'm not losing any more money on this stock. There is a way for the BOD to support the MMP and thus the PPS without violating the master agreement with TPL.
The selling is not over you are correct that trade date is what matters not the settlement date.
You can & did say that again! Today is supposedly the last day for tax loss selling as trades must settle by year end and it takes 3 biz days to settle. Try not to complain too much on this board as the agorafools think that might upset the board of directors and make them sell the company...you know for all us being so ungrateful.
You can & did say that again! Today is supposedly the last day for tax loss selling as trades must settle by year end and it takes 3 biz days to settle. Try not to complain too much on this board as the agorafools think that might upset the board of directors and make them sell the company...you know for all us being so ungrateful.
I'm pretty much feeling like that guy from the last CC Stan Kaplan of Kaplan and Company(actually its Caplan) who if you check the SEC filings has over 1.5 million shares of PTSC. I'm pissed that a company that really only had to cash checks turned into a company that loses money and has a 2 million a quarter burn rate which supposedly has been cut recently by 40%. He tore RG a new one in that CC and a few months later he was gone. He suggested the same for the BOD.
From the 5/31/09 CC: Stan Kaplan - Kaplan & Company
I will preface my question with some comments so please bear with me. From reviewing the 10-K some important business trends standout, except for a minimal profit in Holocom, an investment made three to four years ago, there is continued deterioration, write-offs, impairments and losses in all Patriot subsidiaries and investments, including the auction rate securities.
The Patriot strategy was supposed to be to invest in companies with a high probability of profitability within 12 months. Instead, over the last one and half years, our management team has continued to throw easy money received from the MMP licenses in to high risk cash draining losers.
Our management pours more shareholder dollars into Talis; there is an $8400, 5/31/08 year-end loss that mushroomed to $488,000 year-end loss for 5/31/09. Management drops our cash into the Avot black hole and we suffer, an $867,000 impairment, and as for the Patriot Data Solutions Group, a $10 million price tag, plus the creation of several hundred thousand dollars of additional monthly expense, along with the $236,000 impairment, and a $2.9 million partial year loss from 9/1/08 to 5/31/09.
Then this July 16, press release, the one that retracted the $3 million to $6 million revenue guidance, we were promised at the last shareholder meeting. At least management admits in the 10-K regarding Avot and PDSG that it was "the inability to meets its business plan".
Think about this, there was approximately $9.7 million flowing to Patriot from the MMP licensees. We didn't need any employees or overhead to collect that $9.7 million, but look how much remained on the bottom-line. After management's investments of our money, there was only $881,509 of net income. That's right, less than 10% of our licensing revenue.
Now these results tell a very clear story, either our management has not exercised proper due diligence, when analyzing our investments or they don't know how to manage the investments they have made or both. Some shareholders who want to blame the Board of Directors, but I say the Board's blame is hiring the current management and letting them stay this long.
http://www.bnet.com/2462-14061_23-336150.html?tag=content-inner;col1
If you think that is bad you should read the Yahoo board! Doesn't it bother you that 3 months ago the company issues a PR, and granted it was from Alliacense but PTSC signed off on it and issued it as well, that said licenses would ramp up which has proven to be inaccurate? The only guidance they have given on the MMP is a lie. They had to know at the time that another reexam on the '336 was being reviewed by the US patent office(it was public information) and IF they was a chance it would be granted they should have let Alliacense issue the "Waves of Licenses" PR unilaterally. The PPS is now going back to the .09c it came from before that PR was issued. The BOD is useless.
Just watching and waiting to see this debacle of an "investment" come to its almost inevitable collapse. I put a lot of due diligence into this stock which all turned out to be off by 180 degrees. In fact if you sold when I bought you would be doing well. The company has failed miserably to produce any shareholder value. Just look at the 3 year chart. I also don't buy that they cannot comment in any way on their only revenue producing asset the MMP. What kind of pathetic company cannot find a way to advise the market on their revenue potential? The reason I assume the BOD is looking for a way to dump the common shareholders is they have shown no respect and delivered no return to the current shareholders for YEARS. The only "long" who saw his investment increase was Lincoln and Schwartz....essentially friends of the board of directors. The bid and ask are now .141 X .145 and selling off to the point it looks like .13 will be possible today.IMO the current board strategy is to whittle the share price down with silence until its a few pennies and then offering a "generous" 25% premium for a buyout. You think the SEC gives a darn about PTSC when they could not even spot Bernie Madoff?
EVUs sold to Air Burkina & Air Mali WHO! ROFLMAO! PR for deals with airlines people in the airline business have never heard of should not even warrant a PR. Of course the value of the deal or quantity of units sold is not disclosed out of embarrassment imo. I assume the deal is tiny because these "airlines" has 3 or 4 PLANES and they are not even all jets!
Although I still hold 5,000 shares I believe the Board of Directors and Baroni's primary goal right now is how to get rid of all those pesky shareholders. All the BOD actions so far have done nothing for the average shareholder. The dividends rewarded Schwartz and then he used the PR to sell his tens of millions of shares he received for fractions of a penny. I expect to see the shareprice at 1c-2c and a buyout for 3c...touted as a hefty premium benefiting shareholders.