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Message: Re: Pappy..What/which professionals for PTSC negotiated & approved
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Aug 14, 2010 04:33PM
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Aug 14, 2010 04:51PM
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Aug 14, 2010 06:43PM
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Aug 14, 2010 08:47PM
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Aug 14, 2010 09:30PM

Aug 14, 2010 09:59PM

The Master Agreement is NOT the problem per se as can be seen from the PR:

The Complaint makes several allegations against TPL and Alliacense, including breach of contract, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, contract interference, constructive fraud, and unjust enrichment, while also seeking declaratory relief over specific contractual disagreements. The Complaint further seeks an accounting of revenues and expenses charged to the PDS joint venture, while also engaging in licensing activities designed to profit TPL at the expense of the interests of PDS and Patriot

The claims are that TPL/Alliacense acted illegally, to the detriment of PTSC, in the licensing efforts.

If anything, the "Agreements" are being used against them for breach of contract, and I humbly suggest that the "contractual disagreements" relate to TPL's failure to acquiesce to the resolutions passed on April 20, and possibly the change in rights, as pointed out by SGE1, on numerous occasions.

Ironic how the "Agreements" which have been used to question the BoD's competency for YEARS are now the very instruments that confirm their foresight.

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Be well

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Aug 15, 2010 06:52PM
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Aug 15, 2010 07:15PM
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Aug 16, 2010 09:20AM
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