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Re: rverboatgambler post# 114

Saturday, 10/14/2006 2:13:48 PM

Saturday, October 14, 2006 2:13:48 PM

Post# of 9792
Majority ownership could be structured in many different ways.
1.A company could control the target buy buying the target company's stock for cash.
2.A company could control the target company's by assuming liabilities of the target company.
3.A company could control the target company's by issuing its own stock to the target company.
4.A combination of all the three aspects above.

To me, it is not a big deal how the deal is structured because I believe that PTSH is way undervalued and the merger would be for the benefit of PTSH due to its improvement on generating revenues. I can see aome net income around the corner as soon as we fulfill the $5.2 contract. Hopefully by the next quarter.