As a committted serious long, no pun intended, similar to Ptsczza & Brian in holdings,things are looking up. However, I am looking for the other proverbial shoe to drop. Will Management (Pohl) purchase shares on the open market now?...Will the various Trusts (Felcyn) purchase more? Pains me to know the Giff is entitled to the dividend.. Unconvinced Swartz is on PTSC`s side long term. When will Johnson leave the Board?
There could be a myriad of reasons the dividend was declared at this time. I don`t believe PTSC did this out of the kindness of their heart. It is very possible one of the reasons was to keep PTSC out of the clutches of bigger fish by distributing Cash-in-Bank to shareholders making PTSC less attractive to potential buyers. Or to look at it another way, the potential buyout just got more expensive. Larger fish, now know PTSC may try this tactic again to remain independent, if they so choose.
I believe all that we have seen in the last few weeks is being orchestrated with Pohl the conductor and TPL, the wealthy benefactor. There is much euphoria albeit, orgasmic frenzy at the sudden turn of events. I`ve be a serious patient investor since `99 and like many here have experienced firsthand all the lies and deception perpetrated by prior management in the purported interest of the shareholders, but in reality quite the opposite.
I wonder how INTC & AMD view the current events. I believe PTSC has been quietly buying shares on the open market lately. Confirmation may be expected in the next quarter`s results, though I could be wrong.
Things are getting very interesting. Employing a Betty Davis metaphor, ``Hold onto your seats. It`s going to be a bumpy ride!``
Virt