What is required of companies to change their status from accelerated to non-accelerated filers?
Whom must they notify? Agencies? Shareholders?
When must they notify the(se) party(ies)?
What form must these notifications take?
Your demonstrated knowlege of these answers would go a long way towards justifying your very verbose post, that is short on FACT, and strong on assumption.
Aside from the requirements if any, strategically, if you are a company (likely one of the few), that is changing your status, what would be the most prudent and proactive method of making the market aware of such a status change?
Strategically, if you are a company embroiled in challenges in essentially every aspect of your business, and clearly void of any show of confidence by the market, would it be better to react to the event of being considered non-compliant, or to proactively address the possiblity so as to avoid the event, or at least to demonstrate and communicate on the record about the change in filing status, so that if the event occurred against your best efforts to prevent it, at least the record has been made? If such an official record had been made, what is the likelihood that Friday's event would have occured?
Is the obvious lack of confidence in PTSC by the market a function of PTSC having to react to the exterior criticisms and possible errors of others outside the company, or because of PTSC's inability to "be on the details", as Mike Tomlin likes to put it. If you were running a public company, and you were interested and responsible for delivering value and ROI to your shareholders, how would you have handled this issue that you knew was coming? Would you have relied on stock message boards to convey your intentions to the market?
Nothing wrong?! Interesting perspective, but also likley the view PTSC takes, and symptomatic of why the company is where it's at. Ineptitude? Intentional? Simple oversight? Agency error? A way of adding to the huge pile of uncertainty they have created for some undetermined reason?
All valid questions, IMO, and a 5 year history that supports that the least likely conclusion to be drawn from the event and since, is "Nothing Wrong". At some point, I'd expect that YOU would expect better.
