Looks like we didn't reduce number of shares outstanding or am I reading correctly?

More details on TPL but they didn't update it. Anyone think they will really talk to us like human beings at the shareholder meeting??

On April 12, 2010, we filed an action against Technology Properties Limited LLC (“TPL”) in San Diego Superior
Court for breach of a promissory note of $1 million issued to us by TPL on January 12, 2010 and which became
due and payable on February 28, 2010. TPL has filed an answer and various defenses denying the claim.
On April 22, 2010 we filed a second action against TPL and Alliacense LLC in Santa Clara Superior Court alleging
claims for breach of contract, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, and
interference with contract, constructive fraud, for preliminary and permanent injunctions and for an accounting.
The Action stemmed from TPL’s notification of a license written in April 2010 which included a license of the
MMP patents and other patent to use portfolios and technologies co-owned and potentially owned by TPL in
the future. We objected to the amount of license consideration allocated to the MMP patent license as too low
relative to the other license components.
On April 26, 2010, the Court granted our application for a Temporary Restraining Order (“TRO”) precluding TPL
from executing any license of the MMP patents without providing us five business days’ notice of the proposed
MMP license and any other proposed license with the licensor, in order to allow us time to seek redress if we are
dissatisfied by the proposed licenses. At that time, TPL filed motions to seal the file and to bar press releases
commenting on the contents of the court file, and a motion to compel private arbitration of the dispute.
The Court granted the motion to seal provisionally until TPL’s motions were fully briefed and argued and set a
hearing on our request that the TRO become a Preliminary Injunction through trial.
Following this, the parties entered into negotiations to restructure their relationship by providing generally for PDS
and PTSC oversight of Alliacense operations and to finance Alliacense’s operations in pursuit of MMP licensing.
Those negotiations proceeded for nearly three months. While the negotiations were underway, the parties stipulated
to postpone the briefing on the motions several times. Those negotiations failed and are not continuing. However
TPL stipulated on August 3, 2010 that the TRO already in place would become a Preliminary Injunction. On
August 12, 2010, the Court considered defendants’ request to seal the file indefinitely and to compel private
arbitration of the dispute and denied both Motions. On August 13, 2010 the Court provisionally allowed some file
redactions pursuant to a Motion filed by TPL and will decide the appropriateness of those redactions on September
30, 2010.