I am so glad you brought this up. I was reading through the MA/Operating and Commercialization Agreements this week and when I read the Public Announcement restrictions I too was amazed at the language.

It appears that they must consult with each other and also get prior approval from the other person before doing a, b, or c as you pointed out. To think that Johnson, Felcyn and Faulk were paid generous fees for their part in consummating this deal is beyond belief.

Who really is calling the shots at PTSC?

Regarding the distribution of money, it appears that Leckrone set himself up to receive a good deal of money before "CJ divides the pile of money in 1/2." Shareholders are getting ripped...perhaps your attorney friend knows an ambitious DA who might like to investigate.