Here are my very simple point why i will be voting no for the authorize share increase...
#1. TRANSPERENCY - RG... now that the Crossflo merger took place.... tell the shareholders what we invested in. Why did pay XX cash and over 30 million in shares for this company? Give us numbers!!! Is there a positive cash flow per quarter...
Explain to us ( in numbers!!!!!!!) what increasing our ownership in Talis and Avot means to PTSC and its shareholders...... ( are the companies going to give us a positive cash flow.... or are these cash poor companies not yet turning a profit....
NuPower- If PTSC is licensing this IP... who in the company is responsible for this licensing? Do we have a sales team handlign this already? Has PTSC been sucessful in licensing for Nupower? What is the expected Revenue/Profit projected for this venture?
You seem to making some deals here and there... but then what did we get in return. Give shareholders information so we can "grade" out our investment in PTSC....hold BOD accountable for the good or bad decisions you have taken over the course of the year.
Dont ask for a "credit increase" if your not going to tell us what your buying.
#2. Timing. Talking about an increase in Authorized Shares when the SP is at an all time low??? Give me a break....... getting working on the point above...so you can actually attract new investors and excitement into the stock. Once you accomplish that... then your welcome to be rewarded with the tools you need to get more financing to wheel and deal.