Market Watch

[Caradoc]

Company has purposely remained debt free since its beginning. Had $35 million line of credit with Gleneagle (UGH!!) but didn't use a penny of it and ended up cancalling it. Dilution (selling new shares to keep going, apparently) has averaged $2 million shares per year. Iinventor Alvin Snaper registers to sell shares every year. Since he's in mid-seventies and as far as I know gets nothing form his previous patents, my guess is that this is what he lives on.

With low overhead business model of collecting licensing fees, it shouldn't take much cashflow to end the dilution.

On the plus side, largest single shareholder is CEO Lee Balak who recently added another 100,000 shares to his position and waives his salary. Shareholder Wolf M (Meyerfeld?) bought in at the $200,000 level more than a year ago and went to work for no salary doing marketing. Word is that he will be confirmed as a corporate director at next stockholders meeting which would make sense since he's so involved. Wolf posts on RB as "Lolabito." I razzed him a bit about transposed letters because he was trying for "little wolf" in Spanish which would have been "Lobolito." Since he was born in Germany, I guess his Spanish isn't worth bragging about.

Fairly dispassionate ("faint praise") assessment followed by current status from "Nitetrade" who has been in and out of PWTC 3 or 4 times over the last couple of years:
http://ragingbull.lycos.com/mboard/boards.cgi?board=W.T.BEAR&read=7470
http://ragingbull.lycos.com/mboard/boards.cgi?board=W.T.BEAR&read=7699

Nitetrade and I have exchanged emails with me freely admitting thatso far he has made more on PWTC than I have. For example, when it hit 1.03/1.06 but next morning failed to go higher and only showed 1.01/1.03 we both knewthat as a "trade" it was time to bail. He sold his whole position and took nice profit. I sold only half because I'm determined not to be out of it when big news finally happens.

Just my approach....

Caradoc