Cleanser
posted on
Mar 24, 2008 04:56PM
I think it's possible that JT could have misunderstood the SEC rules. What I get from Ken's response to you is that he simply does not know and was not willing to ask so he could give you a meaningful answer. I take them to be a PR relay company, not much more. IMO
The company officers or those vested with insider information can not buy PTSC stock that I’m sure of. To answer the question posted by another "This has been hashed over many times, why bother Flowers with this?" The simple answer is that I’m an investor and I would like to have a definite answer. I can use the information to better my position in PTSC . Further, if PTSC can buy back the stock I think they would be tempted to do so. At the recent SP that would greatly benefit shareholders. Of course that true only if enough shares were bought back..
I know it is unlikely, but for example if PTSC invested 40mil in buybacks they could have purchased as many as ~100mil shares at recent prices. Could they make that kind of investment? It’s possible for all we know 40mil may represent no more or even less than the J settlement income. Could they make a better investment with the 40mil example in some merger, I don’t know. My point is that it wouldn’t take a lot on money relatively specking to put a major dent in the float, if you consider the recent prices.
If the SP weren’t so under valued I wouldn’t consider this a possibility at all. I’ll leave it at that since all I’m doing is speculating. I am excited that this is a least possible in my mind. GLTYA
Accentuate the positive!
Bluewing