Why would PTSC use the money to buy back shares. all the have to do is?
posted on
Apr 06, 2008 02:22PM
MERGE with another company on a major exchange that has a float of 50 to 100 mill OS shares convert PTSC throw in a cash bonus to the new companies and keep building cash in the coffers.Eveyone thought INVC might be a take over because NT got on their board. they increased their share count right after that to 75 mill. that would convert PTSC to 5 to 1 RS> That is a company that fits. and if you follow the trading patern of both stocks they have both been held back even on good news from both companies. INVC has a lofty target price of 15 bucks. it trades at 2.30 and had a strange down grade just last week .Why would NT end up on their board. I believe JT got the boot because he couldn't get the job done before this qrter. JMHO