posted on
Nov 01, 2007 07:26AM
While I totally agree that the current make up is not what we need going forward, there is one thing in the back of my mind which may take the BOD off the hook as far as divys. Remember that TPL made a hostile bid for PTSC thru a third party way back. Don't recall the amount of money, but it was a very small amount. We should remember that unless the company has a shareholder rights plan in place, cash in the bank only reduces the cost of a hostile buy out. Actually, if the company is going to have big cash deposits soon, I would worry about whether the company has yet adopted such a rights plan. Anyone know? Opti