How and when do we know if and when a MMP license has been completed?
If it has a confidentialty clause, there will be no PR. ISSUE #1.
Even if there is a PR it will not state the value to PTSC. ISSUE #2.
Generally, it will be left for shareholders to reverse engineer PTSC 10Q/Ks. ISSUE #3
Even with just one source of income, PTSC continues to consistently file with SEC at the last possible moment, prolonging the secrecy. ISSUE #4
A license completed on, say, September 1st could well not be disclosed until mid-January (quarter ends Nov 30, plus 45 days or so to file 10Q). i.e. it is kept secret from shareholders (and probably Chuck Moore) for well over 4 months, BUT people such as the PTSC BOD, Leckrone, almost certainly Swartz, TPL's staff and attorneys, Alliacense staff, Alliacense and TPL outside counsel, accountants etc DO know. These people are "constructive insiders" yet are probably not held to the legal requirements.
CONSTRUCTIVE INSIDER:
A person who is not considered an insider of a publicly-traded company but may still have access to nonpublic information that is expected to remain nonpublic. For example, a lawyer working for a firm retained by a publicly-traded company may be a constructive insider. Constructive insiders are expected to abide by the same rules as actual corporate insiders; that is, they may not reveal or profit from nonpublic information. The term was first used in the U.S. Supreme Court case Dirks vs. SEC.