In the absence of information that would indicate managment plans are a success, I find it somewhat odd to be pressed at this point in time into a decision whether or not PTI's management team should be rewarded with cheap options, without having the important facts at hand that stated their plans are successful or not. 

As regards AGMs, this decision point is not driven by anything other than the lawful functional necessity of holding a general meeting of shareholders at least onceeach year, with the date bounded by certain set time parameters but never the less a date chosen and therfore subject to management plans.  In such circumstance one has to rationally think that after much hard work in our interest, that yes they would want cheap options and yes they would want the SP low assuming it could be manipulated which there are indications it can be.  

Whilst the SP does not reflect our hopes I don't feel we should base granting rewards on SP alone, since to date what has emerged are clear indications of good progress in the form of the current set of managment announcements about both product and the commercialisation of products.  Also, unannounced, yet with a reasonalbe degree of credibility, are other potential deals in the offing. Which all in all leads me to think that it is churlish to deny reward even when the bottom line of quarterly figures do not show the sort of movement that could push the SP higher, thought that is to come I believe.  My point is that SP should not be a stick to hit management with as it is illogical to expect a higher price at this development stage.  

It would be much easier to come to decision on rewarding managment or not after one had heard what they have to say at the AGM and when you can look them in the eye and honestly ask them; how can you justify financially rewarding yourself when your investors remain sitting on losses?  What can you say to reassure us that we should continue to remain deprived of finacial reward from this company ourselves for so long after being told 'up an to the right'.  

That could only be answered by a convincing and honest appraisal of the shareholder value built into the company by managements actions.  It is this that should guide us to reward management or not.

sula