I would offer an alternative explanation. The options were excercised because PTSC had gone as low as it was going. Remember, the stock is in the hands of ``small`` shareholders. That is to say, except for S&L there are no truely large share holders. Selling had dried up in the low 70`s...it wasn`t going lower unless there was bad news announced. The technical indicators showed the trend reversing. You probably don`t recall but I called the reversal as did several others on IHUB. That was the best time for the insiders to excercise their warrants. Did they know what was coming? Of course they did. Now my main point is this. These insiders will also announce their intent to sell and the reaction will be negative. The conventional wisdom is that insider selling is bad. However, in this case I believe that it will signal another series of contracts coming. They have to announce their intent to sell before they do so. Hence, it will actually be a buying oppotunity.