Applying the logic of some here to PTSC is comical
posted on
Dec 29, 2010 12:14PM
People complain about critical posters here and say we should sell and move on. We should have done our DD and have no right to complain now. We should know what we have and realize the futility, we should stop posting the negatives and simply accentuate the positives, etc. etc.
It's interesting that conversely, they don't apply the same logic to PTSC. It's funny how, rather than complain, they applaud PTSC for taking TPL to court to complain about its behavior. They commiserate with PTSC when it says how frustrated it is about the constraints the MA has put on communications and PTSC's control. They applaud PTSC for PRing how TPL has defrauded PTSC and won't negotiate in good faith toward settling their differences. They applaud PTSC for PRing how PDSG is unlikley to be a significant revenue generator anytime soon if at all. Etc., etc.
Using their logic, who other than our BOD and Management could've done more DD than the actual crafters and signers of the MA and CommAg about what it contained and the pitfalls of it? Who other than our BOD and Management could've done more auditiing and oversight of the agreement to prevent all the fraud and resultant dysfunction? Who other than our BOD and Management could have utilized the $130M in proceeds from the MMP to create a sustainable and predictable revenue source to supplement the unpredictable and now relatively minor MMP revenues? Who other than our BOD and Management could attract new investors by buying shares on the open market with some of the $5M they've taken from the company over the last 3 years? Who other than our BOD and Management could have brought in more qualified people to serve on the BOD and Mangement team?
Hmmm...lets' see. I've got the "bully pulpit" of a relatively obscure stock message board to voice my displeasure with the current cabal who protects their own power and interests at the expense of the company and its shareholders. On the other hand, our BOD and Management team have with the the push of a button communicated all of the above to the entire business world through the PR newswires and court filings.
There's nothing I want more than for NEW and INTELLIGENT investors to buy shares in this company. Clearly they are not. It can't be clearer to me that the reason they don't is because of the people in charge of the company and the actions they've taken, the moves they've made and that they've communicated to the market world through their SEC filings, PR's and Court filings. I KNOW that if there was a wholesale change in that group to a more proactive, intelligent and competent group that NEW investors WOULD buy shares and depending on their resultant peformance, I think the magnitude of that would vary considerably to the positive. Thus I'd like the current crew to be replaced, and in lieu of that to PERFORM in my/our interests rather than their own.
On the other hand, many here think it's because of me and others who would hold them accountable as to why new investors don't buy. Others think I post to drive the price down to levels where I can buy more! (that's the funniest one). It's so comical to me that this is the logic that some of you apply to my posts, but refuse to apply to those who have the REAL power to influence investors and create wealth in the company.