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Message: 42 days since last license, 34% dip to 17 cents

42 days since last license, 34% dip to 17 cents

posted on Jun 09, 2008 12:05PM

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.

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