First, a sincere thank you to all that attended the meeting, and to those that reported. It seems the concensus is that virtually everything hinges on the current litigation (like we didn't already KNOW that).

Here's my criticism: Assuming "it is what it is" and success in the litigation is pretty essential, and assuming that our team is highly confident of prevailing (see my next post on this), why not buy back as many shares as possible (within regulatory limits)? It just seems like a "do or die" situation - we win, we're golden, we lose and we face probable difficult times.

Buying back shares is like putting money in the bank, with one big difference. That difference being the reason why WE have our money here and not in the bank collecting trivia-level interest. There is potential (probable) huge profit to be gained, in the very near term.

It just seems very clear to me that PTSC should go all in (like I have). While the $20M they're sitting on may help pull us out of a hole if things go haywire in TX, who is going to stick around for that?

I say go for it, and don't understand why they don't.....

And think what would happen. With that much money, doing the buy-back in a prudent fashion, the PPS could be placed at a higher base. I'm not suggesting they buy 40M in a day (I doubt the regs would permit it anyway), but buy with some verve, as the clock is ticking for something big to happen in TX (i.e., IMO we're in the final hours of "opportunity time").

And the potential profit on that investment.....

They should just go for it, IMO.

But then again, I KNOW nuttin'!

SGE