Tuesday, April 15, 2014 10:36:24 AM
PTSC has failed as an investment PRIMARILY because the litigation failed to result in a large settlement and HTC is appealing the current small jury award. Also, the ITC action failed so there is no near term leverage to gain decent settlements. The TPL bankruptcy does not help. No PTSC board or management could change the federal district court outcome, the ITC outcome or whether or not the bankruptcy court appoints a trustee to oversee TPL. With the notice in the 10Q yesterday that the PDS patent lawyer (Otteson I assume) will no longer work on contingency and may resign if he is not paid is another strike against this stock and makes a pay out in the future seem even more remote. I would make sure you sell most of my stock if I knew a lawyer or the SEC was going to take action. Anybody suing or complaining to the SEC may need to retain a small position in the stock to have legal "standing".
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