Actually its 80 million. Remember, 20 million is already promised. And we are not required to issue those shares, they can stay on the ``shelf`` until and if we need them.
But an end to debt/equity financing means that we can use the cash to fund day to day (and pay new salaries) PLUS use the additional shares to attract new talent. I wouldn`t mind if some of those shares were commited to employees stock options say at a strike of 60 cents. Yes there willl be dilution, but
it will mean that this is a real company and the stock you hold now will be worth 6 times as much.
JW said that the AMD deal turned the corner for PTSC. I think that the company could use the cash to bettter strategic advantage right now. Sign a few more deals or win the case and then start talking buyback.