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Re: ccraider post# 20130

Tuesday, 04/15/2014 10:36:24 AM

Tuesday, April 15, 2014 10:36:24 AM

Post# of 23258
Why bother? It will take years and a stupid management and board of directors who made bad decisions basically trusting the wrong person (Lecrone/TPL) is unfortunately not illegal. They can argue they tried to remedy the TPL commingeling license fraud they accused them of by taking them to court. It is almost impossible to prove fraud on PTSC management or the board in this type situation. Also, if an investor bought PTSC because of positive posts on an anonymous message board they have nobody to blame but themselves. The SEC is not going to protect investors from not doing secondary research before taking a position. I really do not think the message boards have been promoting PTSC in quite some time at any rate and in fact are entirely negative pointing out all the bad points that currently plague the stock...over and over again mostly out of bitterness, anger and frustration. I know shareholders are bitter that PTSC was not a guaranteed jack pot but the company has been very careful not to promise anything probably to protect themselves from a future share holder law suit. Just go back and read all those completely empty PTSC earnings PRs. It is simply better to sell and move on with life.

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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