PTSC CEO RG Compensation package

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teremoto

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PTSC CEO RG Compensation package

posted on Apr 13, 2008 11:05AM

In answer to my own question regarding RG compensation package it appears from what i can see on edgar that he basically is getting 300,000 options with a strike price of 40 cents. So he is currently underwater. Did RG take this job without an actual salary? It appears (IMO) yes. So unless he can get our share price up to over 40 cents he works for free. An odd arrangement for RG.

IMO RG had to have looked at the company's financials and had to have had some sort of knowledge of the J3 settlement or lack thereof. So if we actually reported all there is to the J3 in the Q then either RG is not very bright or there is something we are not being told (regarding the settlement). If all we have received or are going to receive is based on the re-exams then why would RG agree to tie all of his compensation to options, which are directly tied to the share price. if the re-exams are not favorable to PTSC then how can RG actually expect to be paid when the share price would further collapse?

i hate having to guess constantly with this company but they do not do a very good job keeping the investor informed.

if my assumption is correct and RG has tied ALL of his compensation to our share price then we are (IMO) not being told the extent of the J3 settlement.