Re: posts 9680 and 9681.
I totally agree that the pilot plant will be an extension of another company. This is most realistic considering PTI's present dilution. This is why I have questioned the 'petty' dilution over the last 5 years. 100 million shares issues, mostly below .10. Had they pumped properly, they could have got $1-5 per share and had their own working capital instead of relying on others now (thanks LB). Future dilution is bound by the same rules. The latest financing itself states that the number of shares to be issued will depend on the stock price - they have to pump it up if they are to survive.
Some of my own thoughts on the 10-K:
It looks like a 'coming clean' 10-K, being more open about the last 5 years and what the potential future possibilities really are. This report included more info than ever before, it was more realistic and should bring 'some' investor respect to the company for doing so. Hopefully future reports will be done even better.
I felt that some of the info may have been better served by coming out in PR's. There's some good potential in it but less folks will notice because they wont read the 10-K, relying more on PR's. The 'more informatin to be released in future PR's' now has to be even more 'groundbreaking' in substance than if they had kept the market informed all along and created a slow steady incline in the stock price.
Initial reaction? I think a small but sharp uptrend early Tuesday before the downtrend comes. There will be some initial excitment but probably low volume so not enough to sustain it. For someone with BJW's 'experience', this seems like a rookie mistake to release it, not only on a Friday, but before a long weekend. It would have been better served up before open at the begining of the week.
He who smiles at lofty schemes, stems the tide of broken dreams.
R.Hodgson
