ronran / Re: What will move the shareprice?....LL and all....
in response to
by
posted on
Sep 10, 2012 03:10PM
I appreciate your desire to remain uncomplaining, and my post was not intended to "complain". It was a solicitation to hear what people believe will be the REALISTIC event that will cause a real change in the fortunes of the "current PTSC".
By current PTSC, I mean absent any changes to the company's leadership structure and with their continued tone-deafness as illustrated by their intentional denying of shareholders will, and issuing bonuses to the CEO who states that the company whose shareholders he's responsible for returning value to is "too risky" to invest in despite receiving an extra $133K in compensation last year than the year before.
The most recent officially communicated dividend policy is simply that there is one:
Dividend Policy
On February 22, 2007, our Board of Directors adopted a semi-annual dividend payment policy, subject to determination by our Board of Directors in light of our financial condition, other possible applications of our available resources, and relevant business considerations. We paid no dividends during the fiscal years ended May 31, 2012 and 2011.
Aside from divesting of all other obligations the company may have, supporting the MMP prosecution effort (apparently even if it means allowing TPL to extort a net higher percentage share of the revenues than the agreements allow rather than using TPL's financial situation to exact a greater percentage ownership / control that the agreements entitled PTSC to), and this non-committal blurb on dividends, there is no proactive communicated business plan from PTSC nor vision as to HOW and potentially when PTSC might provide value to its shareholders.
Absent any kind of proactive leadership from the company regarding what will be the catlyst that would unleash a committment from the company to issue dividends, and with the assumnption things won't change, which means we won't know financial details about developments until SEC filings that historically don't come until the full 45-90 days after the period changes, what do shareholders believe will EFFECTIVELY cause a rising trend to the share price, rather than the untethered meandering pps that we've seen for the last nearly 3 years since the company "reorganized".