PTSC has bought back about 3 million shares. My reason for this is that I believe the website previously said there were 353 million outstanding. It now says there are 349 million. I could be wrong about what it previously said, but my recollection of that number outstanding came from some where.

PTSC has bought back about 19 million warrants. Same reason as above. I believe the previoulsy fully dliuted was 423 million. Now it shows as 404 million.

I believe the Sony deal will be included in the 4th quarter

due to the close proximity of the year end and the date the Sony settlement was announced. If it is not included in the 4th quarter, I believe there was a purpose in announcing the settlement when they did. What that purpose may be, I`ll leave to conjecture.

I believe there have been additional unannounced licenses signed that TPL and PTSC have chosen not to announce. Reasons might be a semi- blackout period due to the buyback of shares. Or it might be that they decided to play things a little closer to the vest for strategic reasons. I find it hard to believe there have been no more signings for the last 2 months. Again, I could be very wrong here.

All the above IMO. Just putting things in writing to see how accurate my intuition is.