Why pay 1.50 for something that's only worth probably 1/2 of that? Saying it's a good target for a take over is just irresponsible and doesn't make sense. On top of that you state by a company who has a revenue problem? How are they going to buy it? and if they can't increase revenue why would they take on more risk?
The reason PTSC is at .22 and not 1.50 is because its revenues are in doubt. So a company with a revenue problem would be spending capital to buy a company with a potential revenue problem and negative earnings growth. Doesn't make much sense, does it?
There's a reason PTSC is at miniscule multiples of PE, book and cash.