I know this is old Feb 28 news so I’ll be brief.

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If each member of this forum was asked to provide a plan of how they could determine the appropriate “accounting treatment” of a new company asset I’d expect it would take you 5 minutes to outline your plan – no matter what your background or education.

So why has PTSC’s CFO waited until Feb 28 to seek help on a subject that he is supposed to be an expert in? Is he incompetent (he’s missed financial deadlines before) or is there a hidden agenda – like getting past the stock holder meeting before showing what a great investment they made.

The registrant respectfully requests an extension of time to file its quarterly report on Form 10-Q for the period ended February 28, 2007 in order to obtain business information and to determine the appropriate accounting treatment for the registrant's recent investment in an affiliated company.