Oh so now he's hyping the price to 30 cents. Last fall I was constantly argued against when I said they could easily pump this to 10 cents, or even $1. The stock price has shown ample support at the 9-10 cent range considering the simple fluff PR's that we have seen. Walter's committment was to see PTI to production and sales by end of 2005. It seems like a long haul to wait 1 more year for those of us who have been in for the past 5+ years. Unfortunatly the upfront R&D is the most boring and unproductive time for the stock price. How many companies can you say have made a 300% increase in stock price (and are still holding that price) in the last 6 months? PTI has done well so far, the best is yet to come. Arguing about daily or weekly price swings is not productive and certainly not prudent when thinking about the long term of any company. Back in the fall it was often said that management would be happy to dump at 3-5 cents. You are at least correct in saying that they would be even happier to dump at 30 cents. But imagine how happy they will be to dump at even higher prices. If BJW is nothing more than an LB lite then PTI will never be a huge success. But I think BJW has an even better plan even if it was just to convince LB to let him take over and pump the stock price as high as he can before the year end. We all seem to have forgotten that management's shares are locked up for this year. I wouldnt be the least surprised to see the biggest runups in share price occurr just before those shares are released again, and the higher the solid bottom, the better odds for them to be able to sell off those shares. Remember, were talking about doubling the float when those shares are released. How much support do you think the stock price can withstand if PTI is still just a fluffy promo company? And if they happen to make the company a solid success in the meantime, better for the rest of us.
He who smiles at lofty schemes, stems the tide of broken dreams.
R.Hodgson
