Your post is interesting in the context of PTSC and a BOD/Management team that has consistently seemed to have made moves that seem short sighted, shareholder unfreindly, and share price unsupportive. Even if some disagree that those moves "SEEM" so, it's hard to argue that the REALITY is in contradiction to the perception, as the RESULTS have PROVEN so.

Now if you were interested in taking a company private, because as you point out:

"The buyers generally wish to go private because they believe the intrinsic value of the company is higher than the prevailing market/share price; they see an inability of current management to achieve full potential, and they wish to capitalize on the perceived differential"

would you expect those buyers to be doing what they can to influence a change in the management/BOD that would push the shareprice higher, and thus the net cost of the privitzation higher, or would you expect them to do what they can to discourage share price appreciation, and shareholder cohesion and activism?

It would certainly appear that it would be easier to privatize a company if it were embroiled in lawsuits, controlled by "inept" managers/directors, and consistently disappointing expectations, even with those expectations are as simple as BOD and managers' projected time frames of events and company PR's. Certainly, it would be easier to privatize a company if you "managed" an 8 cent PPS, instead of say perhaps a 42 cent PPS, despite what has been a "clarifying and strengthening" of it's primary assets and revenue generating source during the last 3 years.

In that context, it is also interesting to read boards such as this and posts which discourage BOD/Management criticism under the guise that it hurts the share price, or posts that discount shareholders power, interest, and ability to influence a company's direction, or posts that discount and discourage shareholder organization and activism.

Makes one wonder, in my opinion, what our BOD/management's real goals are, and which "shareholders/'non-owners'" their strategies are serving. Are things really as they appear with PTSC / TPL / Moore, or are there alternative strategies in play?