If you`re are an Optimist, time is of the essence I agree Brian. However, PTSC is certainly not dealing from a position of strength just yet. To be successful in this endeavor (PTSC buying back significant warrants & shares), to reduce/eliminate the ``Overhang`` neccessitates strategic imaginative thinking by PTSC`s current management, something heretofore sorely lacking in prior or current administrations.
PTSC lacks sufficient cash reserves to achieve anything significant (if the 107M Schartz/Lincoln owned warrants/shares is accurate). I discount the feasibility of obtaining bank financing using our recently unencumbered patent portfolio as collateral. However, that may be an opportunity still to be explored.
While I forsee little chance of INTC making a significant investment in PTSC, AMD already has and may be receptive to further investment, escially if their engineers find the Ignite/Inflame advances to their liking... A remote chance at best, though not entirely beyond the realm of reason.
PTSC has a Story, no doubt...Wall Street has $$ available for the right price. The question is whether anybody is listening. Bridge financing maybe possible but what can PTSC offer to reduce risk and entice an investment banker is questionable. Now if PTSC can convince a banker, they have the goods on Sony/Japanese 4 and/or others (A deal in their pocket?), that would reduce risk and may sway an enlightened/greedy banker. Such are the stuff dreams are made of....We shall see.
Virt