``Yes, but not when you state that if PTSC earned 400 million this year and next year, the PPS would not make it over 2 bucks?``
With over 400m shares O/S and 70m wrrants waiting to be exercised earnings of $400 = $1 per share ie the p/e is 1, the following year, the same eps.
Just because a minimum of 10% will be set aside, doesn`t guarantee that purchases will be made, there was a caveat.
Once the $400m is received, there will be no further income from those companies, the same the following year - there is a reducing income source, and if larger companies are to be first, only smaller companies with less money will remain.
Each slice of the pie that is consumed therefore decreases that which is available.
Does my reasoning have credibility, or is all lost?
Be well
