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Message: PTSC Share Buyback Program

PTSC Share Buyback Program

posted on Apr 21, 2007 10:09AM

According to the current and prior 10Q, company purchased 10,779,027 shares at cost of $7,441,664.

Prior Qtr = $4,024,395

Current Qtr = $3,417,269

While Qtrly $ expenditure fell off a bit (hopefully related to timing of licenses) the rate did pick up in Feb. Jan/Dec was $1,960,305 (from prior 10Q) and Feb was $1,456,964 (from the calculated qtrly data).

So it appears that on avg PTSC is purchasing about $1.2 million per month of shares. Hopefully that means Mar/Apr/May they will have purchased $3.6 mil worth or roughly 5.1 mil shares. And since the shares purchased roughtly equal the warrants coverted on Mar 20, does that mean we should expect warrants to be converted at the same rate? If so, then the warrants will continue to present a pps problem for perhaps another 3 quarters? Dang! Hope I'm wrong. All IMHO Opty

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