Although I’m out of the game, I’m still watching.
We haven’t seen a dry spell like this since May 3 – July 6 of 2007. That was 64 days without a license sale. We are now at 42 days without a sale.
Interesting that the calendar span of this drought is about the same as the last drought;
May 3, June, July 6 Vs. April 28, May, June X
Maybe today’s 34% sell off (hitting a low of 17 cents) is related to the sales drought. And, maybe the drought is seasonal for reasons related to annual business cycle events.
In any event I seen no indication that anything has changed related to the outlook or financial position of PTSC.
I’m out, but I said that if the SP gets into the teens and we see a sale or two, I’ll be interested again.