Will PTSC/TPL ever learn?! Or is it that they just don’t give a rat’s behind about what they say to the market or its own shareholders?
Per the M.A., it says:
“will not issue any such press release or public statement without the prior consent of the other party hereto.”
So what that means is that any PR that either company issues with respect to the MMP has been approved for issue by the other company.
With that backdrop and understanding, we see that the PTSC Approved Cummins license announcement from Alliacense from over a year ago said:
“Eighty global companies from the US, Europe, Japan, Korea and Taiwan have licensed the MMP Portfolio™ technologies.”
Since then, in February of this year, PTSC & TPL announced that during December 2010 and January 2011, MMP Patent Portfolio licenses were entered into with several companies in the telecommunications and industrial equipment industry segments.
Several means at a minimum THREE, and more typically quite a few more than that, say perhaps 5 to 10 in the context of something like MMP license signings.
Additionally, PTSC announced in May that Stryker bought a license. And yesterday both companies announced the Cymer license deal.
So, for those playing the home version, 80 + “several” + Stryker + Cymer would logically mean that at a minimum 85 licenses have been sold. A non intentionally misleading use of the word “several” would suggest perhaps closer to 90.
Yet, we see in yesterday’s PTSC APPROVED Alliacense PR, that:
“Eighty global companies from the US, Europe, Japan, Korea and Taiwan have licensed the MMP Portfolio™ technologies.”
Considering the miniscule amount of communication provided by PTSC regarding the MMP, you’d hope that when they do communicate, or when they allow others to do so on their behalf or with their approval, that they’d at least be accurate and consistent.
What is the market supposed to believe? Did we have 80 licensees as of October of 2010, or do we have 80 licensees as of November of 2011, a time period in which at least 5 new license signings have been announced? Is this intentional deception / obfuscation / misleading of shareholders, or is it simply ineptitude? It’s one thing if this were a one-time error, but this type of inconsistent and inaccurate public release of information has been ongoing with PTSC, and has been brought to their attention on many occasions.
Is it any wonder there is no price appreciation on “good” news? Can we really believe the PRs that are issued? Who can say considering they company can’t even keep the simple things straight.
