You never know what motivates a company around ASM time. Even large cap stocks have PR firms with timing agendas attached to contracts.
I doubt PTSC management owns a ton when compared to the float, but they are all probably shareholders.
While the reverse split has been played here, IMO, we may see this subjct again as license deals are completed. I agree that PTSC would be in a better position than my pile of penny stock losers, but the RS is often associated with large smelly things. PTSC would need a very strong PR campaign to educate so they would not be painted with that smelly brush. I think enough deals in the bank will give us the birdeye view of $5 -- the first of several Naz requirements.
You are right about the importantce, IMO. A NAZ listing, should it be possible, would open the doors to many more investing entities.
John