Optik / Re: For better or for worse..OK Lambert
in response to
by
posted on
Nov 22, 2010 02:54AM
Unfortunately, there is likely no successful longterm plan with the current cast of yahoos. They have simply proven time and again they are incapable of formulating one and/or executing on one. They ALWAYS seem to get out maneuvered to the shareholders detriment. And they seem determined to maintain their hold on PTSC despite the damage they continue to do.
You say I offer no plan, but it's actually you who simply refuse to recognize any plan that doesn't include the current failures in charge. As I indicated, the first step to a successful plan is to make the change. We've got Division 3 backup talent trying to run what, over the last 5 years, could have and should have been put on the course to something that could develop into a Division 1 powerhouse. Instead, we have what we have. Wasted opportunities, diminished value, and no accountability.
If we had players in charge that had a clue and wouldn't keep getting outmaneuvered, or would work for shareholders' interests instead of themselves and those to whom they're obligated, then there are many facets to a working plan.
MMP front - the plan would inlcude resolving the licensing issues through either expulsion of TPL and hiring of our own licensing agents, or a continuance with TPL but with us and Moore (not TPL) in charge, or perhaps negotiating a structured buyout of Moore with us in charge. identifying the available licensing deals that can be closed, and closing them. And communicating to the market a value to the MMP that can be recognized and quantified, and then showing that through the licensing activity.
M&A front - either identify the actual metrics that show PDSG's path to profitability and how we're going to get there, or getting rid of it now if it is burning cash resources. If success is acheivable in a reasonable time frame, EXPLAIN IT and hold all involved accountable to get there, and communicate that expectation to the market so there is accountability from within. Find a way to turn the MMP into the engine for longterm growth, or dispense of the idea altogether.
Dividend front - Be truthful about dividends and pay them to shareholders, or don't. Provide the plan that shows adequate retained earnings that justify dividend payouts along with development of the business plan.
Legitimize the company. To date, PTSC has been run like someone's personal private company, not a public company. The initial MMP bounties fueled the market's expectation that most of what I write above would begin to take shape, but failed to account for the ineptitude (or worse) of those at the helm. When you have a culture of no transparency, it enables no accountability, and you get what we've witnessed.
You ask why I'm still here?! It certainly isn't because I think PTSC will reach $2.50/sh as you state with nothing to back you up but blind hope. You evade the thrust of my challenge to your earlier post. Out of the blue, you project a $1B plus valuation of PTSC but have nothing to back it up but fantasy. What awards will the court need to grant us to achieve that PPS?! What ongoing licensing rates does the MMP need to bring in to reach $2.50. What dividend payout and frequency needs to be set up to get the pps to those levels?! You seemingly have no clue, or understanding that the market demands these answers if you want to achieve those prices. How is the MMP revenue going to be split? etc. As I said, your plan is not a plan at all, but fantasy based on a number you think sounds good, because once upon a time, fueled by the dealings of our current BOD and our financier, PTSC experienced an oh so brief run to $2. What plan do you have that supports your proclamations?! Laughable at best.
I'm here like most people because I think despite the comedy of errors, the MMP has value. I think there's a possiblity that with some good lawyering through he TPL debacle and the T3 cases, and a few breaks, that PTSC might reach 40 - 50 cents again. Who knows, if they can get enough low hanging fruit in licensing to show HTC et al that we can live long enough to see a court battle, we might even get a settlement from them that might get the PPS to the 75 cent to $1 range. At 10 cents a share, despite the utter failures in charge, I think that even they may not be able to prevent a few of those things from happening. And besides, I have the luxury of being able to see the show through to at least a complete loss or one of the outcomes I think might be acheivable without the change I know is necessary to reach the full potential that is there.
The better question is why have you consistently defended and discouraged the challenging and changing out of those who have cause so much financial harm to PTSC shareholders?