From reading the notes taken at the March or April 2006 shareholder meeting, you had to own PTSC. At that time, you were told, there are thousands of target and nothing on the horizon to stop the money from rolling in. It was like having a patent on water. They did not lie. In fact I would bet that Swartz was planing to be a long term investor with most of his stock. The money was just starting to come in. There was no danger of a USPTO re-exam, because there was no KSR ruling on obviousness to worry about.

No one had any inkling that in a few months (June of 2006), the Supreme Court would announce a decision to hear the KSR case in Nov of 2006 and on April 30, of 2007, the court would make a revolutionary ruling that would make most patents prior to that date subject to re-examination based on obviousness. Because of hindsight, obviousness is a vague standard. Virtually everything is obvious to some degree at some level of knowledge and experience. But that wasn't enough, in mid 2008 along came Quanta that cut off a notable chunk of business.

People like Swartz have excess to the best advisers (in this case best is Lectrone or son) and therefore could make the best plans and decisions in regards to risk vs reward and how to maximise rewards at the expense of other investors risk.

If I had 7 or 8 million shares of this baby, I would want to start a movement that could put myself on the BOD or put in a person I could rely on. But, way before I did that, I would put together a small coalition of investors to start a fund that would support the use of a competent chip technician and USPTO patents law advisor or if I had the right social connections, I might have met someone to cover that necessity.

To sum it up, the MMP light is so bright that even a lamb shade only reduces the glare.

MyTs&Os

GLTAL