Das ist durch das settlement überholt bzw. außer Kraft gesetzt.
siehe: www.agoracom.com/ir/patriot/message/529140
bzw. Antwort von Wolfpackvoltaire in:
ragingbull.quote.com/mboard/boards.cgi?board=PTSC&read=201969
von Agoracom in ein doc. übernommen (Quellen dort), mühsam zu lesen, aber die m. E. bisher beste Erklärung für den bisherigen Kursverlauf:
i find it very interesting
Posted by ttccrr7309 on February 20, 2007 at 10:24PM
that people want to speculate what is causing the past sp decline and stagnation at .60, let's look at ptsc for what it currently is, a company that pumped sp to 2+ bucks with 2 divys, a very good eps for an otc, and a promise of big things to come, this calculated run up was done for one reason and one reason only, to allow s&l to convert warrants and sell shares, ptsc can not have in the money warrants with a repriced strike price. it does not meet gaap requirements and you must meet gaap requirements to be considered legitimate, you must remember the worse type of toxic funding was put in place by pohl's predecessor. the current sp has nothing to do with supply and demand, the sp sits in this range as part of the distribution/accumulation taking place and until that is over sp will not move outside the range that the contract states with the mm's. every time a run up starts it is immediately stopped. this was all planned a yr ago to play out this way. i will post 2 additional posts that i wrote in the past to give additional info.
this post is in repsonse to an r/b poster but the point a straight forward,
Posted by ttccrr7309 on February 20, 2007 at 10:34PM
put things in to perspective, it took pohl, without the help of any company other than hawk to drive price north of 2 bucks, do you think that was just luck on pohl's part or a plan in action, pohl gave more hints than most ceo's would give, especially considering otc status that sp would be volatile, plus swartz also said at the share holders meeting that sp would be very volatile, why, he knew that at a certain profit point lincoln and himself would or did start dumping shares and converting warrants, and i highly doubt pohl did not know this was going to happen, i know a lot of you guys are kicking yourselves in the azz for not selling at near the highs but pohl gave you the opportunity, i thank boots for giving the heads up to dig deeper in to swartz, longs have to deal with it, thank your lucky stars that more than likely sp will return to those 52 week highs at minimum, because with most otc's you don't get a second chance, in addition, for those that bought in high you have learned a valuable lessen if you are not a trader, never chase sp, the great news is that those that have hung in there will probably reap rewards which is very unusual for an otc, most are pump it up, insiders sell all their shares, sp dumps and then the p&d insiders, wait a few months, call for a r/s and change company name to start the scam all over again, with ptsc there is a very great chance that your mistake did not cause you to lose your investment if you hang in there, in addition one of the reasons that s&l had to convert their warrants now is because ptsc would never be considered legit to move to the next level due to not meeting gaap requirements, gaap does not allow for in the money warrants that have been repriced, and you may think, why would s&l sell if they know the price is going higher in the long run, it's business, it was part of the negotiation with pohl and that's why pohl gave up 35mil more warrants to eliminate the repricing clause and say to s&l, you need to sell all the warrants by such and such a date, do you think s&l are good guys and should have said, you now what mr. pohl, that extra 30 mil or so that we can make by converting warrants, forget about it, we don't need the money, s&l were in the cat bird seat, ptsc is lucky that is was not worse, most toxic funders bury companies back to or below the original sp so they could start the scam all over and put in place more toxic funding, and that is why the otc is a land mine, 95% of the time, the only objective of otc companies is to put money in the insiders pockets, of course, ptsc is the exception to the rule and don't blame pohl for current sp, it was his prededessor who put the chitty finance package together in the first place, i know a lot of you will learn from your ptsc experiences and when looking at 10k and q's i bet one of the first things you look for is in the money warants and repricing clauses. this is all my opinion and took me about 2 minutes to write, so i hope it's clear to most, sorry but to busy to spend more time on it. one last thing since i'm on the subject, look up wtvi, classic p&d, i have been playing it for years, look at there history and last run up.
this is the email i sent out a couple of months ago to those that requested it,
below are the os and warrant totals and my thoughts on the whole scenario, this information should not be disseminated to others in any way, also, all of this info is only my opinion.
year os warrants
02 66m 24m
03 93m 59m
04 140m 121m
05 280m 99m
06* 316m 93m
Q1 07 369m 53m
Q2 07** 382m 22m
* in 06, ptsc cut a deal with s&l to eliminate the repricing clause (pipe) set up in 04 and before, it cost ptsc 35m more warrants, s&l converted 35+m warrants and sold 35+m in stock, that's why you see the warrants stay basically the same between 05 and 06 and os go up by 35m.
** in Q2 07, ptsc bought back shares and also purchased the fish shares on the open market, that relieved some of the selling pressure caused by warrant conversion and stock selling and the os went up less then the total # of shares sold by s&l.
*** keep in mind there were other warrant holders and my take is they worked in lock stop with s&l.
**** options are in play as well, but the data would suggest minimal quantities/impact compared to warrants.
the aforementioned was all planned out as part of the run up to 2 bucks, ptsc and s&l needed that sp to start the warrant conversion and thus the dilutive impact to walk the sp down to where it is now. what is also happening is there is an accumulation play in action, my guess, it's tpl buying up the shares, if there was not this type of accumulation going on, sp would have been in free fall instead of the methodical walk down we are seeing.
there is good news if you are long:
1. the warrants are almost all converted, no additional warrants added in the last 2 Q's;
2. some entity other than ptsc has been accumulating for months, my guess tpl;
3. there are 22m warrants left, mostly owned by s&l.
one of 3 scenarios are likely with the remaining warrants;
a. they will continue to be converted and s&l shares will continue to be sold, adding continued selling pressure even though there is an accumulation play in action, what usually happens is that the seller and the accumulator have a predetermined average sp for the transaction, i'm sure most of you saw the 300k trade at the ask right before the close on friday, not a retail trade and the mm wanted you to see the trade quantity, why, they have been hiding trade sizes since july;
b. the accumulator is finished and s&l wants a higher sp for the remaining conversions, so one last run up is generated in combination with a pr blitz leading in to the markman, warrants will be sold on the way up and then another walk down due to a lack of understanding of the markman ruling time line, most will think the ruling will come quickly, in other states the judge usually takes months to write his/her opinion on claim construction scope, i don't know about texas but it will still take a time frame longer than most think, doubts will start creeping in to weak hands, bashers will say the longer it takes the more likely tpl/ptsc is in trouble with the markman, weak hands will fold, news will dry up over the summer, if there are any remaining warrants to be sold they will be sold on the last walk down, this is where it really gets interesting, time frames are tight, since trial date is set and most likely will not change considerably if at all.
c. hold warrants for after trial.
my guess, (a) is most likely to play out, once warrants are gone, then s&l and/or tpl go in to accumulation mode and buy even more at the bottom with a huge long position leading in to the trial, if s&l is over the 9.99% os, they will be bought through another entity that they control, same with tpl, or they will say, we have enough shares, this is where the longs start to benefit if all goes well with the markman, j3arm settlement or win at trial. if that happens there will be no undue selling pressure caused by anything other than supply and demand and sp should rocket, unless some entity takes a huge short position which i would doubt under the circumstances, this is not a short play candidate, if the markman does not turn out well, all bets off on how low sp will go, a loss at trial and ptsc is history.
let me go one step further and show you approximately how much money s&l has made on an investment in ptsc of less than a million bucks
i will only go back as far as the beginning of 05, but mark my words, with a repricing model in place and the sp fluctuating between .05 and .18, they made millions even before the big run up in spring of 06;
1. s&l sold 35 million shares in 05 at an avg sp of .12, = 4.2m, keep in mind these warrants were repriced at .015 cents and what does pohl do, the beginning of 06, he gives s&l 35m warrants as a payoff to remove the repricing clause (pipe). i don't blame pohl, he had nothing to do with the chitty finance deal that his corrupt predecessors set up. also, don't forget that pohl was put in to his position as ceo by swartz.
2. beginning of 06 the divys are given out to the tune of 4.8m to s&l.
3. between fiscal 06 and end of Q2, warrants went from 93m to 22m, that's 71m that flooded the market from the time of the run up to the slow methodical walk down to where we are now, at least 40m warrants were s&l's and lets make it easy and say the avg. selling sp was 1 buck, that's another 40m in s&l's pockets, this is assuming that they have kept their core share holding at 9.99% or 80m or so;
how much has s&l made to date:
during 05 and now, s&l pocketed at least 49m in cash and still hold 80m shares and 22m warrants all for a measly loan of less than 1m and with a repricing clause in place, it would have been hard for them to lose that 1m as well, so s&l made good money with out taking any risk, so even if the markman goes poorly and we lose at trial, s&l still walks away with 50+x their initial investment, plus the ability to sell the remaining 80m shares on the way down, but i don't think they will have to sell those shares, those are being held for the real money, a ptsc win, and that's when the longs prosper, and i believe that s&l believes that as well, because the payoff then could be in the 100s of millions for s&l with that many shares, and that is why deep pockets never lose, and could win huge with no risk, the original deal was set up as a pipe, for s&l to make a few million like all the pipes they set up, but it turned out different when the patents showed real value, then the game changed, with s&l being in the right place at the right time.
let's take a quick look at some recent events, fish lawsuit settled is huge, fish taking 5.5m in stock is huge, i guarantee that taking stock in place of cash was against the advice of their attorneys. ptsc buying the stock on the open market is very telling, that is unheard of for an otc, warrants almost all converted, again, it cleans the books, no reputable company has this type of warrant set up on their books. major accumulation going on, since july my guess 75m shares, since tracking in october 20+m. pohl said that this stock would be volatile, he knew during the run and told everyone in not so many words that sp would be volatile, ie, that the dilutive affect would drive down the price and he also knew that there would be periods of spikes caused by pr's. the sony signing and subsequent chip license with alliacense even though originally ticked my off, in hindsight i think was a brilliant move, it eliminates the defendant strategy that tpl is a patent troll.
in closing, most of you know i'm a trader who has accumulated 225k free shares that i am keeping as a core, only the second time in my trading career that i have ever kept a core, aapl being the other, why a core with ptsc, after i thought through what s&l was doing i developed a strategy to do the same thing, even though it had to be in a slightly different way, take profits, accumulate shares, hold long free shares, the difference is that s&l basically made their money with zero risk. and as all retail, we have to take risks the big boys don't, good luck to you and i hope we all prosper. i could go on with some other theories about tpl, but let's leave that for another time, 06 was the year for the trader with all the volatility we saw, if all goes well, 07 is the year for the longs.
tcr7309