ii. Once an issuer becomes an accelerated filer, it will remain an accelerated filer unless the issuer determines at the end of a fiscal year that the aggregate worldwide market value of the voting and non-voting common equity held by non-affiliates of the issuer was less than $50 million, as of the last business day of the issuer's most recently completed second fiscal quarter. An issuer making this determination becomes a nonaccelerated filer. The issuer will not become an accelerated filer again unless it subsequently meets the conditions in paragraph (1) of this definition.

As of Nov. 30, 2009 the share price was $.18.I believe this means that PTSC must remain an accelerated filer through May 31, 2011.On the other hand, if as of Nov. 30, 2010, our market value is less than $50 million, that could change our status after May 31, 2011. Corrections welcome

Question:If for example, Pete resubmits his proposal in January 2011 and the company status is changed after May 31, 2011, can his proposal once again be rejected based on the new three year rule for small filers?