PTSC Should Comment on the Markman
posted on
Jun 15, 2012 12:15PM
Without getting into criticism of the company at this juncture, the Markman Ruling is a HUGE event in the life of PTSC. As such, it deserves, and actually DEMANDS that the company comment on it, present it and explain it to the shareholders and the market in general. Even though it's technically incomplete, they need to explain to shareholders what it means, and what has happened.
While the Markman affects the MMP, PTSC is NOT the MMP. PTSC is a PUBLIC COMPANY, owned by shareholders. PTSC's management and BOD sole responsibility is to return value to the shareholders through an appreciating share price. Anything and Everything they can do in this regard should be being done....CONTINUOUSLY.
Unfortunately, the current BOD has been very unsuccessful in doing so DESPITE taking in over $125M in revenues. Despite one quick spike in price, (coincidentally occurring when CJ's taskmasker still had 10's of millions of shares), they have bungled things tremendously, and the market clearly won't forget it despite what have been positive events in the MMP prosecution over the last several years. While I personally believe the company would be better served by new directors, this doesn't absolve the ones that we have from doing everything they can and should be doing to enhance shareholder value.
Granted, the Markman is only a couple days old, and unless they had an inkling of what it contained, it shouldn't be commented on in haste, but I do hope and expect that a PR, or an 8-K disclosing the Markman, and explaining it will be provided in short order. The absence of any comment actually seems to indicate the positive interpretations to be incorrect.
Companies do not HIDE good news. Let's hope PTSC agrees with the interpretation of the Markman posters have presented and begins to do what they are charged with doing.