Re: Trying to do something - optik
in response to
by
posted on
May 04, 2010 11:41AM
Thank you for the reality check. I have posted with this general theme many times in the (more distant) past.
PTSC is what it is. And PTSC is set up the way that it is. And virtually everything PTSC management/BoD-wise is just like every other publically traded company out there, particularly penny stocks.
Things are set up (by-laws, etc.) in favor of the BoD. Yup, that is the way it is. But it's not really fair to shareholders. Yup, that is the way it is and it is highly unlikely that anyone/any group would be able to change it without going into complete self-destruct mode, a la "we'll show them, we'll sue them into the dirt - and watch our investment evaporate and get nothing in return".
We can petition for change in compliance with the by-laws and with minimal potential harm to our investment. But the BoD can opt not to accept what is being petitioned. This is what milestone has been posting about for the most part. He has virtually said "go for it in compliance with the by-laws and Delaware corporate law, but don't expect results".
Personally, I have always (I believe) acknowledged and accepted that "it is what it is". And I think many here have accepted things for what they are. And perhaps this is the foundation for the two "camps" here. It is definitely the basis of the frequent comment "sell and move on", directed to those that cannot seem to accept the reality of the situation.
Frustration is totally understandable; I'm feeling it big-time. But where is my frustration directed? Right now, directly at the USPTO. Funny that there is virtually no discussion of our options, as shareholders, on that front. For some reason, people are willing to accept that situation. And that situation is what is killing us, and is for-the-most-part why we're trading at 10 cents.
I could go on and on (as everyone here KNOWS). I'll spare you....
JMHOs,
SGE