Hi Beanfumer,
You have many excellent points but hindsight is 100%. Swartz, no way Jose. Paying him back killed the S/P. That could have all been at least huge divies to each shareholder. That doesn't mean he wasn't needed. When you are bankrupt you are already behind the 8 ball.
Remember from the Q report that:
At February 28, 2010 the Company's cash, cash equivalents and marketable securities totaled $16.0 million. Additionally, there is PDSG, Deutche Bank securities, Holocom and other things they can sell as well as numerous tax write offs. Does that mean all is great, no way, but it does mean we are not bankrupt like in 2004 or so.
Remember, the entirety of PTSC essentially consists of 2 leaders, Flowers and Johnson with 3 specialists, Felcyn, Mistry and Schrock. There's not much there.
There are a lot of what if's, if consumated, that could propel the stock forward but I don't want to be Mr. Cheerleader and on this day and this moment it would be totally inappropriate with the hurt most are feeling. I think Flowers is OK. PTSC needs a break and requires Flowers to act in an extra ordinary manner in the circumstances for which he has been placed. Further, we need to force Leckrone to be an effective partner.
Thanks for your excellent input, Beanfumer.