While I'm usually a die-hard opponent of reverse splits, it would be an interesting strategy if PTSC were to get to where they anticipate a pending settlement, for them to launch a 10-1 reverse split in conjunction with a strong share buyback episode, thus pushing the share price near or over the $5 threshold.  This would introduce a new cast of potential institutional buyers who if the presentations were done well by Turley & crew, could set up a buying spree by institutions, which if followed right afterward by a substantial settlement announcement could rocket the price up, take care of the large float numbers by the reverse split and mitigate the typical negatives associated with an R/S.

Step by step what I'm trying to say is:

1) Turley & crew road show to targeted institutions that are likely buyers except for the price level, and pitch the story, emphasizing the approaching resolution one way or the other by the court.  They indicate that one way they have to bring the price to a level that these institutions can consider is by the 10:1 R/S.  For strategy to work, they need assurances//agreements that institutions would in fact buy if price threshold is reached.

2)  Prior to the R/S, PTSC does a concentrated share buyback episode over say a weeks time, say acquiring 16M shares (spending $8M) and nudging the price up

3)  Announce 10:1 R/S and execute quickly

4)  Concurrent with the R/S, insiders (ie Turley, BOD members) buy shares and release filings

5)  Institutions implement buys as agreed

6) Items 1-5 cause slight appreciation in pps and mitigate negative effects of R/S.

7)  Settlement with one or more of J3 at substantial $$ kicks the market in gear and from there boys and girls were on our own.

Result could be a $10 or more share price with 39M share float, institutions on board, money in the bank, etc. etc. etc.  I think that would be a good place for us to settle post trial/settlement, and would open avenues for all the other merger/acquisition and Nasdaq listing solutions that have been discussed.   I don't think that it is that outrageous of a strategy or expectation if implemented, though granted it would hinge on the ability of Turley and crew to negotiate and get assurances that institutions would follow through, and would have to include a positive settlement or court outcome.

Thoughts?