A4,
Last time I checked with their Agent I noted the following: "as of 12-07-2009 there are 1,730,890,000 shares outstanding for this company with 1,128,643,208 shares free trading and 602,246,792 shares restricted and unlimited shares authorized." TB had posted this on the main PPTL landing page.
As noted above, the stock had been diluted as far back as December of '09. Is it possible that the rest of the shares are now assigned? I would have to say yes, that is a possibility, but I do not know for sure.
Unfortunately, we cannot even work up a hypothetical scenario as relates to the sale of the assets and its impact on the market cap of the stock. We have no financials so we have no idea of the current debt. Nor do we have any idea of what Bruce would claim as deferred income and expenses or those of the other Executives.
In other words, they could sell the assets of the Company for $100 million (hypothetically) and there could be nothing left once he pays all of the debt and deferred compensation…meaning that the stock could be as worthless as it is now.
The major problem we have is that Bruce does not communicate. In addition, we have no current financials so we are left to our own conjecture.
Anyone’s guess here is as good as anyone else’s guess.
Greg
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