An idea whose time is now and I hope the right people (shareholders) agree.....
posted on
Oct 05, 2010 03:29PM
I like 12007's idea and Ron's legal explanation but after seeing what TPL is up against it is my opinion that they might not have the ability in the sight of God and Judge to pursue these cases to their benefit or the monetary resources to pay off any claims awarded.
However, at this moment I would be satisfied with the following:
A Judgement that gives us full monetary reimbursement if possible for our loans and nefarious settlements that tpl made behind our backs.
A Judgement that nulls and voids tpl's rights to the mmp and we are able to join into a equitable partership with Moore
A Judgement that gives us all documentation, legal and research into reverse engineering that tpl produced as compensation and as our right as half owner of all this documentation so that we can continue without going back to square one.
After this dream settlement situation.
I would like to see the following occur
A situation where all non-board shareholders cojoin shares in a voting block and declare an emergency shareholder board meeting and clear out the board of those who have eaten at the trough long enough without having to go to "market"
A new board with the seriousness of proposing along with Moore, the "State of the Patents", with the intent to:
1) Sell the patent rights outright to whomever has the money and the ability to fulfillpatent enforcement.
2) See the patents, i.e. company outright and distribute the proceeds to shareholders of record.
I personally think that these are the questions that this board should be directing it's attention to at this time. To prepare for the time when we may be FREE! I suggest that Ron (sorry ole friend but you are to knowledgeable to sit this one out), Brian, Huntington, 1200's, Caplan, (Kidd for good sense), Wolf (of course), SGE1 or Milestone (for spice), Banosser and Century Com (and of course any others these folks might want to include.
These folks can either tele comm or tele conference and report to the board after each "mtg" with their ideas and suggestions. I do not think shareholders can wait to see what will happen and then decid to figure out to what to do. If we do that we will be left out as always.
Also, if there is shareholder(s) up in the Santa Clara area could you folk(s) make plans to attend any court hearings involving tpl and report back to the group above if not the entire board. We need to know what is really going on and we cannot expect to hear or receive that from our Board of Directors who are really the managers of ptsc. Which if any have read my previous post I feel is the absolute wrong way to run any company. The Board is not a management position.
Okay, these are my serious thoughts and of course I would appreciate comments or corrections but if we can keep a lot of what is said on this board toward the goal of accomplishing a company worth something that would be worthwhile and readable.
Thank you and God Bless
Marc