One last thought for 2006
in response to
by
posted on
Dec 22, 2006 09:51AM
Since PTSC set up the warrant buy back mechanism, I think we can rightly assume they are buying the warrants. But why did PTSC set up the arrangement? It's a good deal for S&L since they get the average monthly price less the exercise price, enabling them to extract some of their $ without undue pressure on pps. But given S&L cost basis, I also wondered where the pps would go if S&L were issuing form 144s. So while we are not thrilled with the pps performance, I hate to think about where we might be if Form 144s were flying. Maybe DP/BOD were thinking of the shareholders? Hmmmmmmm Something to think about while I'm away for next few weeks. Merry Christmas/Happy New Year to all. Opty