``The price is where it is because management would be foolish to try and pump the PR`s and drive the price up only to have an inflated price to buyback shares.``

How does that work when it gets pummeled on news days? The last two did nothing to the SP. Are these the shares mgmt. is buying back? And what happens after the warrant holders are out the door?

Two qtrs ago you had warrants outstanding exercisable into 84,790,708 common shares. At February 28, 2006, PTSC had warrants outstanding exercisable into 68,943,590 common shares.

Warrants. Concurrent with the issuance of the convertible debentures (From fiscal 2002 through fiscal 2005, the Company raised approximately $5,400,000 through the issuance of convertible debentures), the Company issued to the debenture holders warrants to purchase shares of the Company`s common stock. These warrants are exercisable for five years from the date of issuance at either initial negotiated exercise prices or prices equal to 115% of the volume weighted average price for our common stock for the ten days previous to the debenture date. The warrant exercise price is generally subject to being reset on each six month anniversary of the warrants` issuance, however, if the warrant holder elects to have the warrant shares registered, then the exercise price is fixed at the price in effect on the date of the election.