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Message: RE: Nobody asked me, but - Fut, your analysis ...ktmy
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RE: Nobody asked me, but - Fut, your analysis ...ktmy

posted on Aug 24, 2006 08:11AM
``On the stock buyback I do not believe patriot will be retiring the shares therfore the outstanding and float will remain the same``

I disagree. If they are in the company treasury, they are not outstanding.

Cash basis is not GAAP. Therefore PTSC was never reporting on the cash basis, always has been accrual. But you are right, it comes down to when they ``inked`` the deal, not when cash is received.

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