For the sake of argument, let`s say there are 400m shares o/s with 70m warrants available. The 1st problem lies with S&L only being able to hold a maximum of 9.99%. Every time shares are repurchased, S&L would have to sell. When do they exercise the remaining 70m warrants? Might it be preferable to buy all the warrants firstly?

There are questions regarding IntellaSys, no royalties to PTSC for their use of patents, and the same people selling the MMP portfolio and IntellaSys side-by-side - if that is a better chip, there is no need for anyone to license the MMP portfolio. Is IntellaSys included in some way during the current MMP licensing?

With ongoing royalties, 5 - 10 bucks would have been blown away already, without them, why should the price go above $2? As revenue is received, part is returned to shareholders, part will be retained and part will be used on buying back warrants/shares. Where is the growth potential which would give a P/E in the 20`s or more?

If PTSC were to receive $400m this year and $400m next year, why should there be any dramatic rise in price?

Be well