From the pr.

<Engaging an investment banker at this juncture legitimizes our broader M&A efforts and allows us to target larger opportunities, including public companies.” >

From the Letter

< In addition to the above activities, Imperial will initiate contact with several public "companies of interest". >

Why does RG make the distinction? If PTSC just buys company X or Y, it makes no difference wether it is private or public. It only makes a difference if it becomes our ticket to an exchange, which is clearly the intent for mentioning PUBLIC. All IMHO Opty