yeah, it addressed the issues.
However, the PPS didn't like it.
PTS, Inc. (PTSH) Share Price Volatility & Fluctuation Statement
1 hours 19 minutes ago - Marketwire via Comtex
PTS Inc. (PINKSHEETS: PTSH) www.ptspi.com subsidiary Navistar Global Logistics (UK) Ltd (Navistar) www.navistar.co.uk CEO John O'Brian is providing the following update to its shareholders and followers.
Mr. John O'Brian said "On behalf of PTSH, the management and our key personnel, we have been asked to make a public comment by many of PTSH shareholders regarding PTSH share price volatility and fluctuation. We are no experts in this field and this is our opinion only. We are relatively new to the public arena. We do not monitor our share price, the Internet chat boards nor do we in any way contribute to its trading patterns of PTSH in any manner what so ever. We would not know what to do one way or another. To our long term shareholders and particularly PTSH large German following we express our gratitude for all your suggestions; however we ask that those be directed to our internal Investor Relations Department (IR) Info.investors@ptspi.com and not to our corporate staff as our IR is most qualified to handle your concerns. We require our other staff to focus on delivering good quality service to our customers and client base.
Prior to Navistar merger with PTSH we were made aware that PTSH was an OTCBB reporting company and was unable to keep that status due to its financial duress. We were made aware of many disgruntle shareholders who were simply fed up with the ex-management day to day operations. Henceforth PTSH was downgraded to Pink Sheets or OTC Markets as it's currently referred to. We are mindful that the old PTSH shareholders invested in a medical software company (MSC) and that Navistar logistics business model is as different as night and day from the MSC model. We cannot comment on what the ex-management did or did not do, and we do not see how being a Monday morning quarterback can advance Navistar or PTSH positions today.
PTSH and Navistar have filed our Adequate Disclosure documentation with OTC Markets. All of the information in that report is current.
I also want to use this opportunity to address and quash various rumors, theories and innuendos that have been presented to us here at PTSH. There is no debt conversion of any sort going on. All the PTSH debts and obligations were settled and or resolved concurrent with the reverse split of March 2011 with the proceeds of the accredited investor. Our focus is entirely dedicated to running our logistics business and nothing else. I can say with definite clarity and conviction that the company is not engaged in any sort of dilution, toxic financing or otherwise. Other than shares which were issued to Navistar for the merger with PTSH, and to the accredited investor who assisted PTSH in its times of trouble last year before our merger, to the best of our knowledge and records no other shares were issued in PTSH. We have been inunda
AI
