Please forgive an Easter break distraction essay on the current debate. Stimulated by the negative response to the ( excellent) post refferred to above.

FJ has narrowed the current debate to the point where some (positive) conclusions can be drawn on PTI potential. Ah! but not everyone is happy. He (Fj) is then subjected to the deniers arguments'.  Their armoury is a logic that to me dwells in the past, bemoans the current SP and castigates past management performance.  This to me is a futile argument.

It's a fact that any would be investor in a stock based financial vehicle in the UK is cautioned that stock valuations can go down as well as up and that past performance is not necessarily a measure for future performance. 

Why then do those stepping into such a minefield  as venture technology stocks get involved at all when such clear warnings are given. Such caution is fundamental to any investment. The reason that we accept the inherant risks, and one we all can't escape, is greed. We are all guilty of seeking the high potential rewards of venture stocks.

What then irritates me to the point of complaint that  I direct towards those negative to well considered rational for PTK growth.  In that when any those precautioned event actually occur they then seek to blame others enthusiam or analysis for their position and not their own greed or inability to accept the risks involved.

Reading the risk sector of PTI's Management Papers is a salutory exercise. One that I engage in adaajr when they are published.  The dangers spelt out grow at each iteration, as management seek to deal with each newly identified risk. A great indication of their insight I feel and an exercise I would really recommend, as I have said before. 

Doing so you will wonder why you ever got involved in PTK at all, but then surely, having done your reading and having chosen to remain invested any winging about setbacks becomes rsthet over indulgent to my mind and unnecessary. I think you will find that most winges are wellcovered in the risk sections.

What is left is for us to do is with the best of our ability to determine from the official statements of management, those not necessarily bound in secrecy or commercial confidence, is the what exactly is the status of one's investment. An inevitably 8limperfect task. The facts that some demand here are rarebl they are in inevitably bound in the future or by neccessary security, surely this makes our task here to somehow predetermine what they might be rather difficult.

FJ is ace at this and has a unique insight, network of contacts and most commendably a generous heart to share his thoughts with us.  Yet he remains.one the most attacked persons on this forum.  He and those who engage in the necessary black art of predetermining what facts may emerge are for me at the heart of debate on this forum.

I am not blind in my enthusiasm for this investment as suggested.  Before one can assess intelligence one must establish the authenticity of the source. The current management's approach is to say only that which is necessary  Less of the loose lips of the previous lot -  thank the Lord.

Placed clearly in front of us by Fj are the public statements of key participants in PTI future. These are not yet facts as desired by Mypoet and junkers approach but they are intelligence of the highest order. That from my point of view say BUY PTK.

I am eternally grateful to the likes of FJ and many others who provide such intelligence and the interpretive debate that then follows.  

My point is, as one who writes more on the basis of emotion, intuition and set my course by using the wet finger in the air methodology, I commend the more erudite but I like to feel that imagination and enthusiasm is a valuable asset in lifenthat had itsn place. I would encourage those similarly minded not to be discouraged by gloomy condemnation in order to make the debate here more interesting, lively, if not fun. Regardless of the desire for hard facts some rule mandatory.

Sula

I shaIl now stop my nonsense as next week things are going to get serious. IMHO