Why has the SP dropped since September?
posted on
Jan 30, 2007 04:35PM
Here is my humble opinion.
Swartz and Lincoln needed o sell about 20 million shares before the end of October.
the following copied form sec filing:
"(7) Lincoln Ventures, LLC (“Lincoln”) and Swartz Private Equity, LLC (“SPE” and together with Lincoln, the “Reporting Person”) have shared voting power and shared dispositive power as to these shares. These amounts include 36,900,446 shares (in total between Lincoln and SPE, each of which hold warrants to purchase Common Stock of the Company) issuable upon exercise of outstanding warrants exercisable within 60 days of August 31, 2006. The documents governing the terms of such warrants contain a provision prohibiting Lincoln and SPE, as applicable, from exercising warrants for shares of Common Stock if doing so would result in the Reporting Person and their affiliates beneficially owning shares of Common Stock that represent more than 9.99% of the outstanding shares of Common Stock as determined under Section 13(d) of the Securities Exchange Act of 1934. This percentage assumes that Lincoln and SPE may be deemed to be affiliated and under common control."
More of MHO,
If you look at the volume traded in that time frame you can see what was going on. Since November I think it has just been lack of news and people getting scared out of their positions. If you remember PTSC has purchased just over 3 million shares in December and January. They know a good buy. For one I am happy to see them invest the company money in a stock that should yield an incredible return. I am hoping and looking forward to a strong recovery in the share price soon.
