While such speculation cannot be totally discounted, do you understand the risk that a law firm (rep) would be taking if they act on such information (assuming it exists, which I seriously doubt)?  If they were caught, not only would they face criminal action, but they'd could also kiss their career goodbye (dis-barred), and the law firm would cease to exist (who would ever contract with them again?).

I suspect that these guys understand this and would not be THAT stupid.  The lawyer's game, to a very large extent, is risk mitigation. They're not into career-ending manuevers.

I still believe our PPS decline is based on S&L converting warrants before they expire, and PTSC not buying back enough shares to offset. Hence, downslide pressure.  Add herd mentality by retail investors and down we go. While I'd bet S&L would prefer to convert at a higher PPS (since they have to concurrently sell shares on the open market -or to PTSC- to stay below the 10% threshold), they have no option other than to let the warrants expire. So they sell shares at this PPS to enable warrant conversion and profit what they can (40 some-odd cents a share), or not sell and let warrants expire and get nothing. No-brainer. Just note that they aren't dumping millions of shares a day, which could cause a panic sell off, but are doing it gradually to sustain a modest decline and more profit for them. That, IMO, is the most logical explanation.

Another rebutal to your speculation: IF the inside info is THAT bad for TPL/PTSC, don't you think they'd rush to settle for whatever they could get? Or even drop the suit to end continued expensive legal fees?

But I KNOW nuttin'!

SGE