Time permitting, I have been reading the recently received Proxy Statement and 10K. These are a few things I find interesting, confusing, and maddening, take your pick. In teh interest of space, I will reference the page and the caption:

• Page 8 - Meeting of Independent Directors; there are none!
• Page 9 - Board Leadership Structure; where is the corp governace? COB serves as CEO, and the CFO has been the interim CEO and COB by default. LOL.
• Page 9 - Board Risk Oversight; Really? I can't get by the first sentence without having to start over!
• Page 10 - Communicating with the Board of Directors; the is a hotline that goes to our BOD to submit violations or suspected violations of ethics policies. I wonder if they are all calling to report each other?
• Pages 5 - 16 - Three Proposals; we need to band together and vote as a single unit.
• Page 14 - Security Ownership of...; All three were awarded options on March 3rd, 2014 totalling 1,275,000 shares. Cliff Flowers got 175,000 bringing his total to 250,000 shares. It is rare that I own more shares than the COB, CEO and CFO of a company I own shares of. This makes me feel empoered to say teh least. It is also rare that I make more money than the COB, CEO and CFO but that ids not the case here, LOL!
• Page 17 - Stockholder Proposals and Communications; must be submitted by August 1st! Let's get together as a group and propose something that substative the complies to Rule 14a-* and that would be required to be included.

10-K

• Page 7 - 10 - Item 1A - Risk Factors; every paragraph is a must read. May be required to fund Jt V's costs, Prior licensing may not indicate future income (HTC sures seems like it will), PTSC serves a "passive" role in teh Jt V., Jt V. is at risk to meet certain obligations, patent expiration, loss of a court battle, dependent on a single law firm to defend our patents (I have been concerned for some time that Otteson may bale and I ahve said so on theis board), there is a shelf registration to issue 5 Million shares of preferred stock (if this goes higher all 3 directors finally get their shares with no skin in the game), and last items relate to everything penny stock and shortty.

That is it for now, I may take it easy today but first I think I may have some hemlock tea!

RECAP: Boy do I feel as though I have been the victim of fraud, greed, and gross unethical behavior by our BOD. This goes way beyond they were just too stupid to know or blaming DL. Remember, we gave DL the job; and we agreed to everything that he has. Our actions lead him to be able to bundle the CORE and the MMP and rake it in on our dime and then hide all the cabbage! IMO his going Chap 11 was to make Brown disappear and clean the slate. Thanks to everyone her that will not go quietly away! I vote for Chap7!!!