I believe that by reducing the O/S to 80 million, it will give far greater strength to PTSC going forward. Institutions will want to buy once they see the price at over $5 and additional revenue from licensees. They hold for the medium to long term and as such will effectively remove a good percentage of the O/S from the market. This alone will cause the price to increase faster. As the price increases, the value of the shares available for issue(400 million with a 1-for-5)will give far greater leverage than had there been no reverse.

Look at it this way, say the price goes to $5 without a split, there would be at best $500 million in paper for M&A. If the price would go to $5 without a split, it would go higher proportionally than five-fold, for the reaons given above with a split. 400 million x $25, in paper, makes most companies potential targets. I know which I'd prefer.

Be well