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Message: leopard - More like GIVEN away / Re: PDSG --SOLD--
5
May 01, 2012 12:54PM
1
May 01, 2012 01:30PM

Unlikely we'll see much if any of a return on our "$10M plus" investement on Crossflo. Essentially, PTSC gave Nonaka the company in return for a royalty on future revenues for the next 3 years per the 10q.

Based on PDSG's revenue generation of late, unless Nonaka has $20M contract up his sleeve, that's $10M plus that our crew flushed down the toilet.

Though, just like the dividends for warrant holders, I wonder if the Crossflo acquisition wasn't always intended to be just a "legal" mechanism and surefire way to transfer large sums of money from the PTSC treasury to certain interests, rather than be at risk with the rest of the shareholders. Is it a rigged game? Obviously to a certain extent it always is. $9K share purchases don't really do much to change that IMO.


May 01, 2012 02:42PM

May 01, 2012 03:06PM

May 01, 2012 03:07PM
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