RE: Not sure of dividend is a good idea at this time
posted on
Feb 14, 2006 06:53AM
I believe this has baijji`s fingerprints on it. I`ve been an owner since before the ground penetrating radar days. Lets face it, PTSC had lost credibility with years of promise and disappointment. It has been in the clutches of S&L with the price manipulations seeming to never cease. Even with contacts I`ve feared the common share holder would end up being screwed. After all, the company has survives on the backs of the common holder. Schwartz financed us but the common financed Schwartz. Dealing with the issue of S&L was a constant theme from baijji. PTSC seems to have finally brought closure to that chapter in its history. Declaring a dividend was so unexpected and so counter to what one expects from a bb stock that it is shocking and provides compelling evidence that this is a different company. It also put naked shorts and would be shorters on notice that they do so at great perile. The unpredictable nature of news of late makes trading much less attractive. All of these things make for long term investors. Baijji would approve. By the way he has been conspiciously absent of late. Initiation of a share buy back is the only thing still missing.