Joda -
I remember a really interesting point from a professor of Strategic Management in course that I took in college.
He asked "What is the ONE reason that a business exists? Is it to provide jobs? Is it to be a good corporate citizen? Is it to serve customers? No. The ONLY reason that a company exists is to increase shareholder value. Period."
I've never forgotten that.
So, the way I see it, they work for us. And I think it is completely within a shareholder's rights to let managment know how they feel they are doing. And as a shareholder, I would say having my portfoilio cut in half is not "increasing shareholder value". I still do hold hope for the future.
I currently run a privately held company that has a larger market cap than PTSC. I will agree that with you that it isn't easy and that there are a lot of people that second guess every decision that you make. But if I turned in the performance that the leadership of PTSC has, I would have been removed in a month.
Disclosure: Long PTSC for several years and still holding / adding.