They MUST have money in the Foundation (currently in the form of shares) to underly the PDR's. They tried to do it with shares in the US market...you see the result. For WHATEVER reason, the PPS does not reflect the true company value. While MT truly has been concerned about the shareholder (because that's the kind of guy he is) he's been even more concerned about the share price because of the PDR's in the Foundation that must be supported. IMO, now that Panamersa 2007 has come into existence, they have a much more logical and less risky way of supporting those PDR's. With the passage of a little time, the PDR's will support themselves with new revenues.
No doubt, the company is looking at a new direction which will support it's next evolution.
All this is in my opinion only, but it sure seems to make sense. Bottom line, shares in the US market are no longer needed, and they are not doing the work intended. (Supporting PDR's). Time for a new plan, and it looks like it could be a good one.