PTSC has NO INCOME and their 3 employees cost over $500,000 a year! FOR DOING ???! In fact PTSC does not even have the vital infringement warning letters because even though PTSC paid Alliacense to do the work Alliacence now claims it is their property! Basically TPLs Lecrone jerked PTSC around like the bunch of fools they are. Before Alliacense, run by TPLs owners own son out of the same office, had agreed to give PTSC half of the infringement targets before reneging on that deal. The fact is TPL/Alliacense will never give PTSC the information even if ordered to by a court. So even if the appeal was somehow successful it is still hopeless.
CEO/CFO Cliff Flowers sounded disappointed on the shareholder
"meeting" call that the reverse spliut was not approved. Like what shareholder would trust him? He has made every bad decision there is to make for shareholders and the stock is worth less than 1/2 a cent. I think that the reverse split would have given him a few hundred million more shares to sell to pay his salary a little longer which I believe is his only goal.
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