Re: Gloria's hidden message --opty
in response to
by
posted on
Jun 08, 2011 11:11AM
That being the case, do you have an opinion as to whether or not a strategic plan might have been in place where by Institutional Holders (Roswell) or warrant holders had advanced notice that an attempt would be made to elevate the S/P for selling purposes? I listened to her statement. While I have a feeling it should have been taken at face value, the companies history certainly leaves the statement wide open for conspiracy theorist. So strange how the PR campaign slowed to a crawl after the float ballooned to over 400 million. I'm sure it was just coincidence or USPTO uncertainly, Goerner's inability to jump start PDSG etc.
There was an interesting article in the Wall Street Journal yesterday. The article itself wasn't directly about BOD pay but, they included that tidbit of information in the story. The average annual income of directors for the top 200 S&P companies was approximately $228K for either '09 or '10, I can remember exactly. As you can imagine, many of the individuals come with extensive experience. It was a stark reminder of how grossly overpaid the PTSC BOD is, especially for a micro-cap. How can one expect them to strive for a better S/P value when there is no incentive to do so? It doesn't matter how many shares they own. If their annual salaries are over $100K , for a side job, what is the incentive to really put themselves out there and strive to increase shareholder value? I can tell you, there isn't one.
Whether a potential or current investor took her statement at face value or read more into it, the issue really doesn't change. She conceded that the past value was potentially the best value. Having made that statement, there shouldn't be an investor in the room who didn't recognize how grossly under qualified and over paid our board is.