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Message: warrants being issued for pennies, company buying back

warrants being issued for pennies, company buying back

posted on Oct 23, 2006 09:11PM
Did I understand correctly the 10Q, many warrants got issued during these 3 months (3 million shares worth?) about the same amount of shares repurchased by PTSC. Then Pohl got a million dollars in options. Everyone scratching everyone's back. A net increase in shares outstanding. Gawd, I hope I am wrong. A lot of lawyers all saying to wait and see, just you wait and see, while they are making millions personally. If they all become multi millionaires while we remain under a buck, what is their motivation? Just getting pessimistic, but if TPL decides it is costing too much in Texas with the J3 and scale back their effort, I will be sooo disappointed. I had visions of us having a chance at 20 bucks a share and more. I bet others did too. But after reading the fine print and rewards being handed out to all involved, there will be an adjustment to the dream. Yeah, we have millions, but they are being eaten up rapidly. What will the shareholder end up with. Sorry for getting so down, but look at the warrants to TPL, to others involved, to .... A lot of rewards being given to each other. How is this increasing share holder value. But I suppose one could argue that the longs who bought in at a dime have been rewarded by the stock taken to eighty cents.
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