Do you think that TPL, ALLIACENSE, and PDS Board Members have/had "access" to "material" "non public" information as defined above ?? "Insiders" who Acquire or Dispose of Beneficial, Direct or Indirect Debenture Securities, Warrants, Options, or Stock, are required to file a Section 16 FORM 4.

Surely in contemplating the structure of the operational mechanics of PDS, PTSC anticipated that certain individuals at TPL, Allicense, and anyone on the Board of PDS, would necessarily be privy to Insider information to PTSC. If improper unreported ownership/trading occurred, the stock impacted is PTSC's, so, in my mind, we must have considered that some measures or guidelines be put in place for realtime notification (as an example: Providing the names of Insiders to our Transfer Agent, or requirement of a legend placed on all Insider instruments notifying that Section 16 (Form 4) compliance was required) for folks in sensitive positions at those three entities.


I believe TPL is an Insider; do you ? WHERE IS TPL's FORM 4 ? From the May 31,2011 10-K .....

"We issued warrants to TPL which were exercised by TPL in September 2007, to acquire shares of our common stock, $0.00001 par value (“Common Stock”). 1,400,000 warrants were exercisable upon issue; 700,000 warrants became exercisable when our Common Stock traded at $0.50 per share; an additional 700,000 warrants became exercisable when our Common Stock traded at $0.75 per share; and an additional 700,000 warrants became exercisable when our Common Stock traded at $1.00 per share, all such vesting having been achieved as of the date of this filing."

"EXERCISED" THEIR WARRANTS.... I read this as TPL having "exercised" their Warrants, thus converting them into actual stock "in September 2007". My search of all Form 4s for PTSC does NOT show TPL or Dan Leckrone (or any known associated entity) as ever being a Beneficial Owner of a Derivative Security (Warrants) or even a Stockholder. http://www.secform4.com/insider-trading/...


How many of TPL's 3,500,000 Warrants "were Exercised by TPL in September 2007" ?

Does TPL still own those PTSC shares ? If not, when did they sell them ?

Has Dan Leckrone ever owned PTSC shares, has he ever traded them ?

Has Mac Leckrone ever owned PTSC shares, has he ever traded them ?

Has Robert Neilson ever owned PTSC shares, has he ever traded them ?


Have those at TPL, Alliacense or PDS with "temporary or constructive access to material non public information" about MMP licensing efforts ever owned or traded PTSC stock ?

From Yahoo Finance Message Board Nov 16, 2011