From our perspective, this was my initial thought as well. Still is,but what if it was a pretty much a straight up merger, without concessions from either side? (ie. no .80 etc. from TPL, no prefereds from us) Just a merging of the 2 co's. Wouldn't it then come down to who you felt was the more valuable company as to whether it was a good deal for shareholders?

In my mind, it's looked as if TPL was the more valuable with what they've aquired and ramped up. Tho with large expenses coming with that. What are your thoughts? joe

As I have often said, there is no way that PTSC is the equal of TPL. Would you be prepared to take one share in TPL for every 10 shares of PTSC?, one for every 20? and so on.

Would TPL be prepared to open their books to the world, for all to scrutinize, in determining the correct ratio? It is so much easier for TPL to go the IPO route should they ever wish to go public, in my humble opinion, without the need to acquire PTSC.

Be well