"I think they would be buying and holding tons of shares and letting the public know about it"

"If they did this, for how long would they satisfy the SEC "independent director" requirement?"

Please tell us the answer to this question you pose. I've heard of various excuses for why BOD members don't own more shares in the companies they steward, but this is one of the more novel defenses.

Given PTSC's share structure, the current holdings of or BOD members, and the governing regulations, please explain for those of us less knowledgeable, how this theory holds any water? You are clearly implying an understanding of the SEC "independent director" regulations and how they would apply, so please explain how it is "preventing" any or all of our BOD members from purchasing PTSC stock.