You say/ask:
"If 400+ freakin million shares isn't too much then what is PTSC doing spending money buying them back? Supply and demand would negate that. It would appreciate to its proper valuation on its own merits. But wait, what is that valuation. You can't predict it at this point."
Think about what you're saying/asking. Why is PTSC buying shares back, you ask? Then you go into a what's the valuation.
Let's see, who in the world has the best visibility of PTSC's future valuation? Gosh, I guess that would have to be PTSC. And JT has publicly stated that PTSC is buying back as many shares as they can as fast as they can per SEC regs (and he cant say that unless it's true without facing a legal challenge).
So maybe, just maybe, PTSC is buying back shares because, in their total inside info opinion, they believe the stock is way under-valued.
So what is the true valuation? "You can't predict it at this point." Yea, but they can. And just like any reasonable person/entity would do, they are trying to capitalize on their visibility up to the regulatory limits.
The buy-back is another strong signal that is being ignored or (based on a weak argument) dismissed as some silly, insignificant move.
While I agree theree is still a lot of uncertainty, we shouldn't ignore/dismiss the actions of the entity with the best visibility of all.
JMHO, and stuff I think I KNOW.
SGE