http://www.pinksheets.com/edgar/GetF...

From the Master Agreement:

-The Company and TPL will cause certain of their respective interests in the Patents to be licensed to a limited liability company that will be owned 50% by the Company and 50% by TPL (the "JV LLC").

This basically states that the patents are 'licensed' to PDS.. a Master License.. PDS has patent rights assigned to them exclusively via this 'License'...

Article VI, 6.2 ... Retention of Rights; No Action With Respect to the MSD Patents. Patriot and TPL shall retain all of their respective rights with respect to the MSD Patents, except those rights to the MSD Patents transferred by Patriot and TPL to P-Newco pursuant to the Newco Licenses and the Merger Agreement

Both Moore & PTSC retain their respected ownership of MMP.. TPL has patent rights via the assignment of rights from Moore many yrs ago.

PDS holds only the MMP Master License from Moore/TPL PTSC who granted it to PDS

If PDS were to be sold.. for it to have any value, the purchaser would need Moore/TPL and PTSC to permanately assign all patents rights to PDS.. the buyer would then effectively own them and all licensing rights to them from that point on. If this were to happen, I would expect PTSC and TPL to retain the rights to use/incorporate MMP tech in their products

jmo.. corrections welcomed