cjmsk4's Profile

cjmsk4's Posts

Re: Proxy: NO CONFIDENCE and REJECTION of LEADERSHIP Vote

Wow, Ba,

Both you & Ron all the way down the line AGAINST ... hellfire, I thought I was the only s/h who reasoned that way. I agree completely: ANYTHING this crew presents is s/h unfriendly.

As the s/p plumbs the depths, I keep thinking this dog may have value as a "Corporate Shell". But the 10k clearly states it isn't.

Nonetheless, it still looks to me like someone wants PTSC, for some reason.

Thanks for all your work on the Pacers. Thanks to Ron for his consistent insights into the law, and his steady wisdom re: on investing generally.

over 8 years ago
Re: Reverse split

My guess ... likely cheaper simply to buy enough shares each day to get a close @ or> $0.01.


If 250K shares/day required, @ $0.01, only $50k/month (20 trading days). Heck, just can Cliff. The other question is, what is benefit to management/directors to keep this dawg visible on any exchange? Then, for how long?


Seems to me, for sure, the shell itself has value to anyone from honest entrepeneurs needing an entity into which to merge all the way to consumate thieves . This stems from already being set up, vetted, publically traded, SEC-compliant, etc., etc.


For insight into my views on which end of the above spectrum PTSC execs/dirs lie, take a quick look at directors, sp history of Peregrine Pharma. It, too, has a potentially valuable asset.


Ahhh, the joys of a near-penny stock.


GLTA

over 8 years ago
Re: Creditor's Committee: Gloria is off and Cliff was put on it; both worthless.

Ahhh, Gloria, remembering that atonal hillbilly voice of ol' beloved Dandy Don Meredith ... "turn out the lights the party's over ..."


Maybe Cliffie should be next, and a shareholder on that committee ... I am quite sure most shareholders (but maybe not total shares) would be comfortable canning 'em all. What a waste they have been.

over 8 years ago
Re: Creditor's Committee: Gloria is off and Cliff was put on it; both worthless.

Ahhh, Gloria, remembering that atonal hillbilly voice of ol' beloved Dandy Don Meredith ... "turn out the lights the party's over ..."


Maybe Cliffie should be next, and a shareholder on that committee ... I am quite sure most shareholders (but maybe not total shares) would be comfortable canning 'em all. What a waste they have been.

over 8 years ago
A tax note

Remember, corporations can take years to die. They can fade from the pink sheets, become "zombies", extremely difficult upon which to get data, totally illiquid, etc. They are no good as tax loss while still alive.


Therefore, if you: 1) hold this sick puppy in a taxable account -God help you if you are trying to emulate Mitt Romney, and hold it in a tax-advantaged account-, 2) subject to U.S./IRS jurisdiction, 3) have gains from more prudent/luckier investments, AND, 4) think PTSC is not just sick, but dead, consider selling your stake for a penny so you can share your misery with all U.S. taxpayers.


Depending on your tax bracket your loss could be worth >40% in sheltering gains. Oh yeah, plus $3,000 of ordinary income.


Hang on for final resolution, and you may not live long enough to see PTSC put out of its misery well enough to claim the loss ...

almost 9 years ago
Re: l2007s / Re: Shareholders working behind the scenes

My best guess ... to assure Debtors' attorneys correctly understand how (structure of agreement) and to whom & in what amounts Ford $$$ were supposed to flow. Could there be fraud?

over 10 years ago
cjmsk4
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