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Message: Re: NO Breach ... You got to far when you attack Laurie
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Nov 20, 2013 01:34PM

Now you are attacking Laurie.... she is repeating something I a have posted many times so in a sense you are attacking me but I take greater offense to your attack on her as she is a major contributor to this board and I am an old fart.

So lets get it straight in layman's language.... Ron and Laurie can talk amongst themselves without our permission ....... The Board of PTSC has made numerous comments over the years both in pr's and at shms. Many of these comments have proven to be false or at the least statements that were inflated to make them look good.

In fact one of the few comments that I feel should of gotten one of the Board members fired is the comment from our interim CEOs cliffy who said he would not buy into ptsc as it was a risky investment while he was being paid close to a half a million a year to sit in Carlsbad and do nothing but talk on the phone..... this is from Carls comment to a question on what the Board does to earn it's compensation? Cliff is ignonrant and not worth to be our Ceo if for no other reason then his comment that what he earns is what the average San Diego CEO earns and this he said at a shm plus his risky comment.

In regard to fiduciary responsibility Laurie laid out the law.... but in lay language.... The PTSC Board has failed time and time again to share with shareholders what a reasonable person would consider "Material" news. For example it took a public trial for us to lean anything about the Apple license and we have yet to hear why Acer was taken off the court docket and what the license fees were for the recent deals..... , they have failed to fill the third seat on the pds panel that was meant for an independent expert for the protection of the shareholders of ptsc... that have failed to hire a full time CEO but gives a bonus to the interim CEOs for what the board says is their primary duty and that is to talk to each other on the phone... a board that pays a six figure bonus to a man who is making so much money from a company he cannot buy stock in as it is too risky and that he has failed to move significantly off a dime in value for over five years. A board that fails to answer directed and specific questions from shareholders regarding specifics about the state of the company. A board that fails to seek the dismissal of a "partner"(?), that has way more power over our public company then any reasonable board would allow. A businessman who the board allows to continue to be responsible for the licensing of our sole asset even though we have proof that his bundling has reduced the value of our asset to infringers (i.e. Apple) while inflating his personal bundled portion of a licensing agreement so that he can reep more personally.

I could continue but if that is not a failure to be fiscally and legally responsible I do not know what is. Finally, the BK committee should of been make aware by Gloria who the Leckrones are short selling TPL's main asset. However, we do not know if maybe the "stuff" that Leckrone is bundling with our patents such as he did with Apple might not belong to TPL but might have been transferred at some time in the past to a separate entity and therefore the BK creditors see none of that extra money.... It is an interesting thought in that if this is so then the leckys get to keep the major portion of their low ball bundled deals and the portion going to ptsc which is an entity that is owned by tpl gets the peanuts.

Just speculation but I would not put it past these guys.

So please stop bashing shareholders or at the very least use your real names as I for one think some if not all of you are related to the Board or the Leckrones.

marc

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