Fut...

Just trying to make the point that the preferreds should not be handled inappropriately. I agree with you that there may be a scenario that does in fact benefit everyone. However, we both know this company and its BOD too well. We also know the past attempts by others (TPL, Swartz) to gain the upper hand.

I disagree with you however, that the preferreds are "worthless" unless they're in use. They can be kept away as a poison pill against unwanted takeovers. They can also be kept out of use simply as not to pass on the great advantages of dividend and tax implications to a new entity (ie not us).

So, I think we agree but look at this from differnet angles.

Hope all is well. Good luck to all faithful longs.

Go PTSC Onwards and Upwards!

Cheers~