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Message: Turley could issue a SH communication statement

Re: Great level for PTSC to buyback shares!

posted on Dec 19, 2007 07:13AM

The press release...or Turley's letter, if that's what you mean didn't say the compnay couldn't conmtinue a buyback program previously announced. it said employees and BOD and those "in the know' may not buy shares personally.

'In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April."

If there is another statement that says the company cannot continue to buyback shares, I aplogize I missed it.

Have a couple of emails out right now waiting on a response to see if the buiyback can continue under the SEC insider rules...if I get them today I'll pass them on...positive or negative.

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