I really like PTSC’s potential - it’s a high risk, long-shot, “Hail-Mary” pass winning investment.
There’s several things that I would like to see:
(1) Reverse stock split: If PTSC increases authorized shares to fulfill their short-term obligations and/or objectives, I would like to see a reverse stock split, especially if the DMA 20/30/50 is below $1.00 in the 3rd and 4th quarter; 100/200 is below $3.00 for the fiscal year ending in May 2007. Depending on the bid price, I would like to see a reverse stock split of 1:10, 20 or 30. Remember, the reason why PTSC rejected the $7.5 million offer for the patent portfolio, which included a royalty-sharing scheme, is that PTSC estimates the value of the patent portfolio to exceed $1 billion - “Global sales by potential licenses of products applying technologies protected by the jointly owned patents are estimated to be greater than $200 billion annually.”
(2) Nasdaq listing in 2006.
(3) Reinvesting liquid assets.
(4) Distribution of dividends in 2008.
(5) Stock split 2:1 or 3:1 by 2009; 2:1 by 2011., 2:1 by 2013.
(6) Merger between PTSC & TPL and/or another company by 2007 and beyond.
I recently spoke to our IT department about purchasing a new lap-top (my 4 year old lap-top is obsolete compared to today’s under $1000.00 version, which will become obsolete by 2006). In the less than 1 hour, I have learned what the trend will be in consumer electronics/digital products in the next 5 to 10 years. And although no one is saying it, its hard not to think that behind the most current & evolving technology, lies beneath the patent portfolio that belongs to PTSC and TPL.
If nothing materializes for shareholders (financial & legal) within the next 2-5 years, it was well worth the risk anyway.
