Friday, March 12, 2010 5:09:34 AM
The SEC filling is clear:
"Peter Chin agreed to forgive debt of $502,699.15 due him by PTSH for accumulated salary, advances, and various expenses. Mr. Chin further agreed to exchange his 4,763,333 shares of PTSH Series A preferred stock (worth approximately $321,524 based on closing bid price at February 12, 2010) in exchange for 10,000,000 shares of Series A preferred shares of Disability Access Corporation (Pink Sheets: DBYC) (owned by PTSH, approximate value of $10,000.00), 1,175,126,879 common shares of Disability Access Corporation (owned by PTSH, approximate value of $117,512.69), plus all notes receivable and debentures in Disability Access Corporation and/or its subsidiary Disability Access Consultants, Inc. (owned by PTSH and collectively totaling $593,343.690). The exchange would be an unaudited non-cash gain to PTSH in the approximate amount of $103,366.77 and would eliminate any interest PTSH may have in Disability Access Corporation as well as Disability Access Consultants, Inc (DAC)."
PTSH has a market cap. 2M with no revenues.
My opinion is that PTSH is now zombie company.
Good luck
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