RS's article here

http://www.fool.com/investing/general/2008/03/17/this-reverse-split-will-burn-you.aspx?terms=reverse+split&vstest=search_042607_linkdefault

"Reverse stock splits aren't pretty. They are admissions of failure. They are public declarations that certain companies can't dig their way out of the pocket change muck on their own." 

On the other hand

"They're not all duds. Priceline.com (Nasdaq: PCLN) eventually took off after its 1-for-6 reverse split five years ago. Brightpoint (Nasdaq: CELL) staged a humbling 1-for-7 reverse split six years ago. Things worked out so well for the company that it has issued five of the more conventional forward stock splits to bring its share price lower since then."

So is it a good thing for PTSC?   If we're not well over $1 in mid-late April I might say YES!