...before I go to bed:

In addition to all the things, which don't make sense with PTSC, here's another hint, that we might know only 50% of the whole story:

- According to the recent 10Q PTSC doesn't have that much free money

- RG et al. are looking for M&A possibilities = for which they need money

So obviously if the situation would be that bad as it seems = no more money from the J3, no more significant license fees, no money from the T3, but paying them (I like this one...lol) etc.etc. - then a CEO like RG should hold EVERY PENNY together in order to be able to accomplish something with substance.

But instead he spends a significant sum (in relation to the free money the company has today) to buy back shares, which means he reduces the money available and changes it in shares, which don't seem to be worth a lot.

Well, to me this means, he's either awaiting for more money or/and he is sure, the worth of the shares will rise - otherwise he would be crazy to spend any money for the buyback.

GLTA