I appreciate everyone who posted regarding the shareholder meeting experience. As someone who couldn't make it, it's helpful to hear the views expressed, including the nuance of each's personal paradigm on what occurred and was said.

In my opinion, there was one VERY SIGNIFICANT unexpected positive takeaway that I got from everyone's notes. Hopefully, that one issue will reflect the future possibilities in a way that will override all of the negatives, that unfortunately will likely persist.

The negatives are essentially a continuation of the same old same old mentality of our BOD, and our Licensing partner. Their "blame others" attitude, and their continual refusal to actually control the simple things that they can, either due to lack of interest or lack of ability (skill). Hard to say why, but it is what it is.

As for the BEST:

There are 2 reports I've noted that indicate that it was mentioned that either $350M or $345M has been earned by the MMP during the licensing program begain. Considering that through the quarter that we just got the 10q on last month, it had previously been reported that MMP earnings totaled $308M, that means that THE CURRENT QUARTER WE'RE IN WILL REFLECT MMP EARNINGS TO PDS OF AT LEAST $38M and maybe as high at $42M, NOT INCLUDING any additional signings they might secure before the end of the month!

If Leckrone is telling the truth (and he better be considering he's at the PTSC ASM, and while not a part of the company technically, he is REPRESENTING PTSC in those comments and would expose PTSC to severe liability issues if what he said was false), this will represent the THIRD BEST MMP REVENUE GENERATING QUARTER IN HISTORY!

IMO, that's a very significant development.

Also, the simple fact that they HAD A FACE TO FACE share holder meeting is definitely a positive, regardless of what is going on. I hope they appreciate their responsibilty to provide at the very least that opportunity for share holders, and that they don't hide from that again in the future as they did last year.

As for the WORST:

Essentially, this falls to simply a continuation of more of the same from our company leaders. And essentially, that is that they are NON-leaders. I can appreciate that they may be nice folks, and that they may be trying hard, but this isn't a kid's T-ball league where scores don't matter, and where EVERYONE gets a ribbon, regardless of their performance.

These are the very people who have secured PTSC's fortunes to a licensing process that they don't control, and then they continue to complain about it. And additionally, simple things like PR communication which they CAN control, they leave as uncoordinated, and conflicting.

I'll leave it at that as they clearly aren't willing to change, even the things they are able to change as far as being leaders, and that's a real shame, but again, it is what it is.

However, to hear that they can't afford to buy shares of the company they steward would simply be LAUGHABLE if it wasn't so PATHETIC. It really is UNCONSCIONABLE, and UNFORGIVEABLE, that they haven't and won't buy shares. As the compensation table below demostrates, Cliff's cries of underpayment are betrayed by the actual compensation that he's recieved since joining PTSC. And of the $1.39M, ALL except $12K come in the form of cash compensation.

That our CEO owns NO SHARES OF PTSC STOCK is REMARKABLE! That he defends that, (however he wants to justify that) and refuses to acknowledge the incredible LACK OF LEADERSHIP of a public company that that signifies, is truly sad. Again, he may be a nice guy, but SHAREHOLDERS DESERVE BETTER than a CEO who is AFRAID to buy shares of the company he runs.

Brian was totally correct in pushing a shareholder resolution that required this to change, and our BOD is totally disappointing that they need to be pushed to that degree in this regard, and even more disappointing that they will disregard shareholders direction that they be forced to do what they won't freely do on their own.

$1,390,025 - Cliff Flowers Total Compensation in 3 years and 9 months at PTSC.

$370,637 per year average