Why so short sighted. RE: Letter
posted on
Apr 23, 2007 07:22PM
Everyone is so short sighted and on the edge, some discount what effect the letter will have. The SHM is here, don't you know for sure that a letter now would only get them thinking, that's all.
I for one , and I believe Ron and others are looking for a favorable outcome of the CC hearing and the whole lawsuit. My question is, assume we win, THIN WHAT.............that's the WHOLE POINT.
Some here believe we are sort of a shell company, the S and L bashers.....they may not be too far off. SGE and I exchanged some thoughts, requarding the letter and what and why the letter. His big concern is S and L, and he proposes to lock them away with action by our Board requiring them to hold their shares untill everyone else has a chance to millions (not the exact wording)
Please read our exchange listed below. My last post there explains my mind set. Ask yourself who on the BoD do you trust with your money, or is it yours? Maybe it belongs to S and L and the BoD is going to make sure they get most all of it?
Anyway, the letter will do no good now. Ron knows that, and so do most of you. That not the point. The point is Moot if we loose the hearing and the suit, correct? So , why be so short sighted, believe that we win and look forward to all the companies and money that will come in in the future. What will be done with it, Who do you trust with it. Please read my post below about what a board can do. It matters who is on the BoD. With a grass roots effort and enough votes , all be it - next year.......we can control our future and it can be bright,..........otherwise we sit and "let things happen" and do nothing but gripe. Go ahead an grip, it will do no good, your just a shareholder and you don't count for anything,(ALONE)-for all shareholders are, is capitol suppliers that hold no debt, all they get is paper with a par value of around 1 cent, with no right to collect anything.
If you don't trust the BoD run for the hills and dump you shares, OR change that problem before it becomes to late and it can't be undone.
In PTSC's case, who do we trust? How may shares are outstanding? Who controls the majority of shares , ie VOTES ? S and L? S,L, Mgmt, and the other board members? maybe add TPL into the mix, would all them together add up to the majority? OR does John and Jane Q Public have the enought power to control the company? I learned that no one owns a public company, thats right no one owns the company. The BoD's control it, thats all.............oh and btw, a board , with the blessing of the US federal Government can give the company away to someone out right that will become a real owner. I've seen it happen to a billion dollar company...see my response to SGE
Just something for you thinkers to ponder and you whiners to know.
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