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Message: Common sense

Common sense

posted on Feb 24, 2007 03:37AM
common sense dictates that the dividends were issued for probably one of two reasons (as far as i can think of)
1) Good things to come. More revenue is expected, the 8 mil is chump change, and pohl is simply rewarding shareholders for experiencing this roller coaster ride.
2) Managment is incredibly dumb by wasting 8 mil on shareholders instead of buying back potentially about 12-15 million shares with that money while the share price was still in the .50's.

If pohl had delayed his letter until say a couple of weeks from the date ptsc issued the dividend I would have been highly suspicious of his motives. Two weeks would have been ample time for the share price to have gone up to more than what it is now on speculation alone. And more warrents could have been disposed of. The letter was released a daya later. Nothing much they could do with one day of pumping. Management will want to reap the rewards of a higher share price as well as us. Its common sense. Don't expect miracles to happen overnight.
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