Re:What has happened to this board? .... cantwait
in response to
by
posted on
Apr 26, 2011 07:52PM
Wow, it's hard to envision a selling stampede w/o a buying stampede on the other side of the ticket ...
I think this board is trending same way as stock for now (low volume, price support seemingly +/- .005 of 9 cents, nothing much of interest going on, no sound information to digest). I have wondered many times why the price doesn't plunge to say, a nickel, or 2 cents, or .002 cents, or nothing. Have seen that happen many times.
Perhaps the answer is because, for whatever reason, enough of us think, despite management, structural, leadership, ethical, etc., etc. limitations we face as owners of PTSC.ob, we step in and buy at around 9 cents.
The only reason I can fathom ANYONE in their right mind would do that is because they figure despite the above, the patents are worth significantly MORE than 410,000,000*.09 = approximately $39,600,000, and that ultimately common owners will share in that excess (beyond previous dividends, opportunities to sell at $2, etc. - the past).
I agree with C.W.'s response to Cherry ... financiers and insiders have made out best so far, and with this kind of stock, that's usually the case (can't help but remember TTCCRR's analysis years ago showing how Swartz - via Lincoln - had pocketed more than $100 million on this penny stock). More power to him ... he put up several times my net worth to keep this train on track at a time when it looked a lead pipe cinch for Chapter 11 obliviion.
TTCCRR finally lost interest in PTSC, and I miss his posts. He knew the technicalities of trading and corporate shenanigans at a level not many now match. I learned a lot from him.
So the short version of my view is as Clint Eastwood's Dirty Harry might have paraphrased, "Is it >$39.6 mil, or less, or none" in those patents?
Best wishes. Keep up the good fight.