Criminal Law Questions? Ask a Criminal Lawyer.
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The short answer is that if you don't take the PTR, the state can bring the charges against you all over again and start a trial all over again. Your best bet probably is to take the PTR.
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If you do PTR and the case is dismissed, then it is totally over and you no longer have to worry about the case. Nothing from the case can be used against you.
That is correct.
There will not be a verdict if you agree to participate in PTR because they will be dropping the case and the case will be over.
Basically, the state has to prosecute the charges. If the state agrees to drop the charges, the case is over and the judge cannot do anything about that.