Do you think PTSC has documentation on file dating to PDS's creation requiring that TPL et al file a Form 4 for any PTSC Derivative or Stock related activity ? Do you think we at least notified our Transfer Agent ? If not, WHY not ?


Although it might not be their responsibility to do the actual Form 4 filing for the "Insider", I believe that it's within the fiduciary obligation of every public company to take reasonable precautions to insure that there are no known improper or unreported Insider ownership/trades occuring in it's Issue; as any violation could undermine the confidence and trust of an even playing field in the ownership and trading of that equity.

Where is TPL's Form 4 showing they owned Derivative Securities, or that they "exercised" Warrants "in September 2007" ?


Does PTSC agree that no Form 4 is needed ?


Is PTSC's official position that TPL is NOT an "Insider" ?


If PTSC believes TPL is an Insider, what action, if any, has PTSC taken about those TPL Warrants, or other possible PTSC Insider activity by TPL et al ? Four years (Sept 2007) after PTSC was put on notice about TPL's Warrant exercise, in what appears to me to involve a Section 16 Reporting failure, has PTSC at least notified the SEC of the names of those persons at the three entities that are KNOWN to have access to or actual Insider information ?


If this "Warrants issued" or Warrants "Exercised" situation should have been reported in a Form 4, I wonder if/what other unreported Insider related activities may have occurred and not been reported ?

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=tm&bn=49226&tid=18587&mid=18587&tof=13&frt=2