Replies to post #555 on PTS, Inc. (PTSH)

[Kirschholz]

dear ezc
don't worry too much about the 3.5 MIO-bill, yet! Read the filing:

...Each share of the Series E Preferred Stock is convertible into one dollar ($1.00) worth of common stock...

Okay, that means we ar going to pay 3.5 Million $ for SHC. But:

5.1
Promissory note from PTSH to Dr. Albert A. Gomez in the amount of $3,500,000 with 6% interest rate and equal monthly payments commencing on the thirty seventh (37 th ) month until paid in full.

Means: First payment will happen in May 2010!!! Or 2009 if Chin decides so:

5.2
PTSH has the right to prepay said promissory note without prepayment penalty.

To me it looks like Chin is pretty confident beeing able to pay the bill even earler than planned! So there should be things to come, making him and us earning some money...

And one more try of an answer: Why should GOMEZ sell his SEC (what he doesn't do completely, which means that he is still going to participate in our incomes!) if it runs so good? Well, I recently met some millionaires, who explained the selling of their own big enterprise to me quite easily: The wanted to take the money and live!!!

So simple things might be sometimes!
Have a nice day - or in Chins words: "Take a number and relax!"