ADS123
in response to
by
posted on
Aug 31, 2007 07:28AM
SGE, Pappython and myself has also addressed this and otc trader whom we disagree with but he agrees with you. Cornfused now?
This is the million dollar question. It has happened time immemorial for PTSC over the past year: Good news, slight upSP, beat downSP. I am sure you know this all to well. Several still believe that S&L is the culprit based on SGE analysis (you know the guy who knows nuttin) of which I now espouse allegiance. This is the game SGE believes is being played:
This opinion is arguable, however (even by myself! LOL). I don't KNOW how many shares S&L currently hold, and thus I don't KNOW how many S&L may need to sell to enable any further warrant conversion and stay under the 10% threshold. But I will say that assuming S&L are selling shares to enable further conversions, this is good, because it's that many fewer shares that PTSC will need to essentially buy via the warrant buy-back program, preserving the war chest for other things.
In that program, S&L is prohibited from buying shares until the warrants are gone, but they are not prohibited from selling.
And, assuming that S&L has previously sold enough shares, there may be no further need to sell to convert. They may be just reducing their sizable position (though this too defies logic - why sell now when we appear to be on "the verge"?).
So, for one reason or the other, I suspect this is S&L causing this effect
This is the conundrum we now face. It seems illogical to us regular investors but perfectly logical to the financiers. They control the board at this point and by October (I am pushing for the first, others have said diffferent dates in October this should be over). PTSC is going to begin to look more interesting as every day goes by in SEPT but really interesting when the warrants depart.
Regards