Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: Part 5

MY SUGGESTION, with all the complaints of... PTSC's M&A inititive failures, poor money management, Insider relationships, issues of contracting to a private company the direction and control over our revenue producing assets and corporate speech over those assets, the potential for corporate blackmail, public statements by PTSC's former CEO, questions about our PIPE financeer and the dates of his share sales, lingering Convertable financing questions, trading behavior and news releases, dividend timings and curiosities, abdications by a public company to a private one, cash payments to Board Members, the effectiveness of our "Chinese Walls", questionable severence payouts to "relieved" Executives, bonus allocations and disbursments, sufficicency of PDS auditing protections and company assurances, BOD accountability, Options Grants questions, the remarkable content and implications (and timing) of Gloria's letter, questions about the PDS Independent Manager position, long obsolete company website "Investor" information, concerns about Reg FD compliance, status of our JV Partner/subsidiaries and employees as Insiders for Stock Ownership/Trading, dismissal of serious formal claims of Fraud/Fiduciary Breaches/Unjust Enrichment against our asset manager and JV partner in exchange for ?, the ficitious dividend news release, timeline for when PTSC knew or should have known of TPL's questionable simultaneous licening of non MMP patents to MMP infringers, secrecy surrounding licensees and license fees, keeping the post "fraud" litigation ComAg with TPL private, the proxy revolt by Shareholders, and likely more that is yet to be explored .......

I think it would go a long way for the company to retain a completely independent and highly respected Shareholder's Rights Litigation Firm from California, and for PTSC to open up all their Corporate records, Transfer Agent records, BOD minutes, Company correspondence and files, and even make available for interview past CEOs, for the purpose of commissioning a comprehensive independent investigation resulting in the issuance of a detailed public Legal Opinion Letter that would assuage, remove any doubts, and reassure PTSC investors that in addition to the questions and concerns mentioned above, Shareholder's Rights are not and have not been violated, that our BODs and Executives have not breached any fiduciary or loyalty duties, that any of our agents or negotiators or attorney's haven't committed malpractice, and that the terms of PTSC's private agreements with TPL were/are legal, appropriate and genuinely the best alternative in the best interests of Investors and PTSC as a continuing public entity. IF THEY ARE UNWILLING TO DO SOMETHING LIKE THIS, SHAREHOLDERS MUST CONSIDER THE QUESTION, "WHY NOT ?" As a result of their decisions and performance, the cloud attached to this public company has to be purged before PTSC will again be considered more than just a penny stock trading vehicle with Paycheck Players as it's leadership.

Were Carl, Gloria and Cliff's advice and guidance for PTSC investors worth them taking $707,0000 of Shareholder's cash for FY 2010, while at the same time our entire revenues were only $567,934 ? For every $1 of Revenue PTSC took in, these three were paid $1.24. For every $1 PTSC recorded in Operating Losses, these three were paid $18.05.

As a result of the above observations and their disproportionate personal gains while providing retail investors disasterous leadership and stock performance over the past several years, I do not trust Carl, Gloria or Cliff to lead this company, and it's clear to me that neither do the thousands of other Shareholders who control the tens of millions of shares which voted 2:1 to "Withhold" their vote against electing them, and also voted 4:1 to remove the Shareholder UNfriendly system that allows them to remain.

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Dec 01, 2011 11:24AM
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