Kidd and Ron
in response to
by
posted on
May 26, 2007 03:53AM
Kidd,
I was surprised and honored to be listed among the respected old-timers. I remember vividly the first night you came on the board. You probably remembered me because I welcomed you and tried to introduce you to the protocol of the forum. At the time we sorely needed technical expertise on the board. With your engineering background and contacts in the field you became one of the forum’s most valuable contributors, far eclipsing my modest contribution. As a psychologist I don’t have the backgound to bring much to the table. However, there is one question before the forum that I can address. Specifically, there were challenges raised as to Ronran’s honesty and motives. It is literally my business to judge people’s character and motives. I screen for high security positions all over the south ( nuclear plant workers, police officers, etc.) I have never encountered a poster on the message boards for whom I have developed more trust and respect. (As an aside, there is a poster on Yahoo who also shows similar impeccable character and immense financial knowledge. He is a finance professor and goes by hopeful200. You can track him down on the DXPE board. If you follow him he will teach you a great deal about investing and you will make a lot of money in the process.)
While I’m at it I’ll post a few more thoughts. Swartz still is in control. His man Carlton heads the compensation committee and the search committee for the new CEO. However, I think his end game will be to sell his interest in PTSC at some point and move on. We probably won’t know until it is done. My uneducated view is that in the arena of corporate finance Swartz is the loan shark. He makes immense amounts of money keeping ailing or corrupt companies afloat. This is done on the backs of common share holders. There is no need for S/L to stay around when they can make so much more elsewhere. My assessment of Swartz is at the opposite end of the pole from my view of Ron. I could be entirely wrong but his actions count more than his words. It make very little sense to me that S/L would be in a secret accumulation mode. Nor do I see much reason for TPL to be acquiring PTSC shares. Most likely TPL will build a thriving company then go public.
I don’t believe the accumulation theory. However, since there are 16000 or more common share holders it would be in the interest of subtle pumpers to promulgate that theory... to lead us to the belief that there is some party that has inside information and is quietly buying up shares. Hence, we should be doing the same. Probably there are respected posters that actually represent various parties such as S/L, the company, TPL , and others.
At this point I believe it all boils down to how the judge cast the claims based on the Markman. Nothing else really matters.
Walt