It takes approximately six to nine months to complete an IPO.

A reverse merger can be completed in 6 weeks.

Please take a look at Intellasys and see what it has to offer. Then tell me how many shares of PTSC you'd be prepared to trade for 1 share of Intellasys. 5? 10? 20? If there is any perception that the terms are not "fair", the Delaware Chancery Court would be inundated with suits, in my humble opinion, further increasing the reverse merger costs, adding greater time until completion, and the potential of ALL licensees, the Leckrones, and PTSC BOD being deposed - Think about that.

Be well