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Wednesday, June 02, 2004 5:22:26 PM
2. Ignore the comments made on the quarterly report regarding the status of the company (seems like were at the same place as 2 years ago). These statements are REQUIRED to be made by any company in PWTC's situation (a company with no actual saleable product) in order to remain listed on the exchange.
3. Good to see the patent news. Its these kind of news items that will drive the stock, not the jibberish contained in the quarterly reports. They need to continue with positive action and release statements on a monthly basis.
4. Future financing will be interesting as most banks wont even look at a company if their stock is under $1. Issuing more shares will push them into a 'share consolidation' position (Im assuming there are now over 60 million with the latest LB payment). The good news is that at 3 cents a share it doesnt make sense to consolidate. They will have to push/promote the stock up to about 20 cents a share bafore a 1 for 10 consolidation even makes sense, giving some of us some relief.
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