Thank you sir.
For those interested, the following would confirm milestone's read on the share buyback being discontinued until further notice:
From the most recent 10q:
"As part of the program we purchased 5,698,821 and 4,874,827 shares of our common stock at an aggregate cost of $3,042,921 and $4,024,395 during the six months ended November 30, 2007 and 2006, respectively."
And from the previous 10q:
"As part of the program we purchased 4,961,640 and 2,075,003 shares of our common stock at an aggregate cost of $2,725,793 and $1,839,085 during the three months ended August 31, 2007 and 2006, respectively."
This would mean that during the time frame of September 1 to November 30, 2007, PTSC repurchased 737,181 shares.
Also from the Q1 10q, it stated in the subsequent events section:
"During the period September 1, 2007 through October 10, 2007, we purchased 737,181 shares of our common stock for treasury at an aggregate cost of $317,128."
So those match up, indicating that no shares have been repurchased from 10/10/07 through 11/20/07. Since Turley's statement was published on 9/17/07, it means that no shares have been purchased since 9/17 as that date falls within the range of 9/1 thru 10/10.
I was hoping to discover otherwise through this exercsise, but at least we can confirm that the SEC filings support no buyback since Turley's statement and since he made the statement, it would suggest that a statement changing direction would be required to offset the company's prevous official position on the issue.
