Reverse splits rarely work, there may one on occasion that does. Trust me, you do not want to take the chance. Its bad vodoo

The board has also agreed that we should evaluate listing on a more broadly traded exchange, such as NASDAQ or NYSE/AMEX once we have developed a strategy, and acquired sufficient revenue-producing assets, to attract broader, institutional investors in PTSC stock. Our current stock price would not allow the company to consider re-listing on another exchange. The normal means to adjust the stock price to meet listing requirements would be a reverse split of the stock. The board is not anxious to move toward a reverse split until it believes that:

1. The company has a reliable, long term opportunity for growth of (less volatile) revenues, profits and shareholder value and,

2. A reverse split will not risk a reduction of the market capitalization of the company.

Again, no definitive timeline has been outlined for considering these actions, but I believe that the shareholders understand the company's objectives, and perspectives, with respect to these possible actions

http://www.pr-inside.com/print584662.htm

These guys seem to have a handle on things reguardless of what some think.

Agreed.

Be well