RE: S-8...fs you were first again....good work....nothing

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Larscot

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RE: S-8...fs you were first again....good work....nothing

posted on Jun 20, 2006 11:09AM

This is where I have a semantics problem -

In order to boost the SP PTSC needs to remove shares from the trading float. They call it buyback, I would call it ``retiring the shares``. If they buyback to then put under options, this doesn`t remove shares PERMANENTLY from the trading float, all it does is hold them to the side until exercise...

I`d like things more if there was 5M RETIRED from the float, with another 5M allocated for options, two separate acts....