From Hawk, options granted have NOT been exercised.
posted on
Feb 16, 2007 05:57AM
Options were NOT exercised per Hawk. Here is my letter and their response.
Dear Sirs,
>
> Yesterday three Form 4's were filed through the SEC for James
> Turley, Gloria Felcyn, and Helmut Falk Jr. for options granted to
> them by PTSC. My question to you is... were these options exercised
> by these individuals or does the filing only indicate that they have
> the right to buy them some time before 2012 when they expire.
> Exercising them would cost $120,000.00 each as they they were for
> 200,000 shares at $.60 each.
>
> Looking forward to your reply.
The latter; The filing indicates they have options.
Regards,
Ken AuYeung, Hawk Associates Inc.
