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Sunday, February 20, 2005 10:44:07 AM
I have been a very faithful long of PTSC. But I'm also a practical man . If PTSC doesn't win the OWNERSHIP and future lawsuit. Its the end of the road for me.
Ptsc doesn't have the ability to sell or deliver Ignite products.
Company's simply don't want to assume the risk of working with any bankrupt company. And lets call it what it really is. Bankrupt. They really should have been in chapter 11 for some time instead of diluting the common stock. They would have been far better off going after more venture capital money. Yeah the doors have stayed open with Swartz. But it came at a big price.
Ptsc doesn't have any cash flow except from shares of stock which drive down the price of common shares. I bought into ptsc when they only had 44mill shares out now its 200mill plus another 200 in the wings. and maybe they want to print more at the next meeting.
Ignite probably is a good little processor. But with no sales force and no real engineering dept who is going to buy it .
Remember what Woody Norris said about the chip and Higgins also said the same thing it has probably missed its window of opportunity. The industry went one direction and Ptsc went in the opposite direction. THE INDUSTRY EXPLOADED and PTSC has gone bust.
Thats how it is. I'm betting on PTSC. (IP) only! Thats where the real money is.
I'm staying long for now. But is time for PTSC to Sh----------t or get off the pot. For all you boat lovers you can hang your arr--------ass over the starboad side and let it fly! I don't recommend doing it into a strong head wind .Unless your a veteran seaman.In parting a few words of wisdowm. My the salt air always blow in your face and let the winds always fill your sails.But don't every leave port without a good supply of towlet paper.OR things could get rough and I'm not talking about the waves.
good luck to all.
As always I'm hooooooooooopppppping for a good out come for PTSC.
ELKMAN
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