I don' think you're thinking realistically!

A $15/sh pps is the equivalent of a $5.85B market cap. There's NO WAY,  IMO that the share price would reach anywhere near that based on just settlements of the lawsuit with the J3, and certainly not at the amounts your listing.

You might get some great shock factor from a $240M PER J3 settement that rachets this thing up violently, but in my opinion that won't happen.  I think if you want to be conservative, assume $50M per J3, $150M total, $75M to PTSC.  That would be a significant settlement and would open the gates to all of the other licensees out there to begin to sign.  MMP could be worth more, IMO, but I think to push it to the limits of it's value would be to take it all the way through litigation, and appeals.  IMO, PTSC/TPL's approach has been to get people signed, even at a 50cents on the dollar scale as they would prefer the volume of discounted signers rather than the trickle of full value signers who exhaust resources through a fight to sign.

Hey, at $75M, with a P/E of 10, would be $1.92/sh in PPS.  I think that can be a realistic start as even after settlement, there will be a lot to prove as to the consistent level of income from the reamining on notice companies.  Settlement will be geared as much or more to  getting that gate open as it will be to maximizing the value of the J3 licenses.