I just googled "factors in stock valuations" and of course came up with a number of hits. After browsing a number of articles, etc I was AMAZED (note sarcasm) that not once was the EXTENDED filing of SEC reports even mentioned. Could it be that this is not considered to be an important factor when valuing a stock??

And before all you lecturers get up here and tell me it's a reflection of management, I might suggest that there are more important things to consider when judging management - profitability, growth, cash flow, prospects, etc. That isn't even taking into consideration that IMO the fact that PTSC has traditionally requested an extension of time to file their SEC reports probably is more a factor of who they are using as their accountants. Tell me all you armchair business execs - what would be the value of filing the quarterlies by the original due date - would you pay an extra $50,000 per year to get a larger firm?? How about $100,000 if that is what it would cost to get a new, larger firm up to speed with the intracacies of PTSC??? I'd be willing to bet that of 20 people answering these questions there would be some huge disagreements on what should be done. So rather than have the "Agoracom committe" make this decision, instead we rely on the people we have put into place to make these decisions. If you want to replace the CEO because the SEC filings are filed ON TIME but with an extended due date, I'd have to seriously question your judgement. Now if you want to debate other issues about how mangement has performed, yes, we can debate that for days. But how about let's put the timing of SEC filings bitching to rest. We all know certain posters won't like it. Oh well, there are other stocks out there.

And again, heading off the inevitable "but we did file LATE last time". I fully acknowledge that. Unusual and extenuating circumstances. The glass half full crowd might actually applaud PTSC management for addressing the issue head on and getting it corrected. And again, the issue was something where PTSC relied professionals for advice, and it was those professionals that erred - not PTSC management. Can anybody possibly blame PTSC management, and not Beattie and Osborn for what transpired in the Higgins debacle. Same situation. Why some people refuse to see that situation for what it was is beyond me.