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Message: I wonder if PTSC was required to note Carl's PPHM situation in our 10K or 10Q, after the July settlement ?

I wonder if PTSC was required to note Carl's PPHM situation in our 10K or 10Q, after the July settlement ?

posted on Dec 18, 2017 10:24AM

FWIW... I was just thinking, perhaps this should be reportable in our filings.  I ask because it seems like it would be "material" event involving our Chairman of the Executive Committee (we haven't have a Chairman of the Board for the past 10 years), since he was involved in a legal Settlement as a result of his BOD capacity at another public company, substantial monies were required to be paid, and some sort of Options Grant impropriety may have occurred.  Certainly where his bio is concerned, his current status with regards PPHM needs to be changed.

I imagine our E&O/BOD Insurance Co would need be notified, and I assume our premiums will be impacted.   I can't imagine Cliff and Gloria were not well aware of what was happening with Carl, yet, the PTSC website (re Carl's no longer being with PPHM) was not changed in the 5 months after the Settlement occurred.  Innocent, Intentional, Indifference ? .. you decide.

The clown show continues, I assume so does their outrageous payments, even as it circles down the drain.  I wonder if Cliffy and Gloria are "woke" yet ? 

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