I'm going to connect the dots here.
PTSC is buying up all the outstanding warrents and will not pay a dividend. These two things will keep $ in PTSC's pocket(toss in a liscense sign up or two for good measure) and make them more actractive for mergers and acquisitions(as Turley mentioned once again in his letter).
If I had to guess when a merger or acqusition would take place it would be next year. It sounds like Nick is handling that.
I'm telling you ladies and gentlemen we're getting closer to our potofgold.