Mosaic ImmunoEngineering Inc (CPMV)

[Poker MVP]

Flashback to 3Q-10QSB

Note 3 License Receivables: “The accumulated amount of the two licenses was $3,050,000...”
“...The Ignite license agreement contained a royalty provision, under which we could earn royalty income based on our customer’s sales. No royalties were earned during this quarter.”

Results of Operations: Revenues - “Our significant revenue increase of $2,948,466 was a result of entering into 2 licenses with a single customer (AMD) - one for our Ignite microprocessor and the second for our patent portfolio of microprocessor technologies.” “The Ignite license contains provisions for royalties based on the customers delivery of items making use of this technology. We cannot be certain of the amount or timing of future royalties related to that agreement.” “We anticipate that future revenue will be derived from continued successful microprocessor technology efforts in the form of licensing and royalties and the successful collection of patent infringement proceeds from litigation and settlement.”

PTSC’s Consolidated Statements of Operations (Unaudited)
Net Sales: $2,951,850 = $2,948,366 (AMD) + $3,384 (2/29/04)

PTSC’s Consolidated Balance Sheets
License Receivables: $2,750,000

$300,000 due upon execution (3Q) + $750,000 paid on 4/1/05 (4Q) [$292,500 Ignite License + $25,000 Maint. Fee + $432,500 MPP License] = $1,050,000

4Q ends on 5/31/05

10K filed on 9/13/05

PTSC’s Consolidated Statements of Operations (Audited)
Net Sales: $2,982,586 = Product $25,077 + License & Royalties $2,957,509 (AMD) [Note that the calendar quarter ending on 3/31/05 represents 4-5 weeks of sales; due payment was 5/16/05].

Next payment for calendar quarter from 4/1/05 to 6/30/05 (appx 13 weeks of sales) was due on 8/15/05.

PTSC’s Consolidated Balance Sheets
License Receivables: $2,000,000

Note: AMD License precedes PTSC & TPL’s settlement, which means PTSC keeps 100%.

9/14/05 press release: “This filing is an important milestone for PTSC... While the 10k presents mostly historic data, it provides the clearest picture yet of the challenges that the company faced and the exciting position we are now in to transform the way PTSC conducts its business. We now have an excellent basis for moving forward with financial momentum...”

I hope those idiots (RB, Agoracom, etc.) who cannot decipher relevant information (especially those who could never punctuate or spell correctly) get too depressed, sell and drive the PPS down.

VERY STRONG BUY when it hits below $0.08.