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Message: Re: Why S&L Sells...
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Feb 14, 2008 10:02AM

< If I were S&L, I would definitely sell from PTSC and put the cash in more secure investments. >

If you consider what was said at the SHM about the pps value from between $1.50 and $4.00 post settlement, one might assume that Swartz considers a triple as a minimun in the long run. Then perhaps we might assume Swartz could be willing to sell 2/3 of his holdings at avg of say around $.50 and still have the potential for holding the same dollar amount down the road to cash out again. In the meantime he puts the money extracted from PTSC to work elsewhere. I believe when forced selling ended Swartz had about 30 million shares. Correction welcome. Might 10 million shares be the target hold amount? Opty


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