Kaloyan Gadzhev

PTS, Inc. (PINK:PTSH) Manages to Push the Price Up

by Kaloyan Gadzhev August 22, 2011
PTSH_chart.pngThe buzz around PTS, Inc. (PINK:PTSH, PTSH message board) is still about the merger with Navistar. Promotions kicked in the previous Friday, Aug. 12. After a week of volatile movements, last Friday PTSH closed in the green.

The closing price on Friday was $0.042. This was a 39.07% increase for PTSH with 358 thousand shares changing hands.

The company has a strange way of handling its press releases. It seems PTSH first issues a PR through marketwire. Then, on the next day they issue a shortened version of the same PR through PR Newswire.

Additionally, the company is continually being promoted. One of the latest promotions mentions $10 million in revenues for Navistar. This number is also found in the PRs on Monday and Tuesday. "Our revenues, in excess of $10 million USD..." - for some reason PTSH fails to mention what period of time those $10 million were generated in.

Releasing just shreds of information doesn't look all that reassuring. PTSH states again that it intends to return to the fully reporting status, and says Navistar has plans to grow and expand into new markets such as the Middle East and Asia.

PTSH_logo.gifFor now, the promotions and the PRs seem to be enough to keep PTSH's price in the current range. The deal is expected to be closed before the end of August. Hopefully, then there will be more complete information for shareholders and traders to look at.

Comments 2

1. Guest
November 11, 2012, 11:24PM

Quotes Both Lyric I and II lost money. Perhaps, Mr Heller, you should disclose that you are a paid consultant to Temescu's various companies.

2. Guest
September 19, 2008, 08:14AM

Quotes Terry Temescu's skill is really in investing at the smaller end of the market, where returns can be significantly higher than on larger deals in the same style / sector / vintage (provided of course that the VC has the necessary skills and resources). Consider its timing Terry's returns on the Lyric II fund (2001) have been remarkably good. He is now working with Jim Lane (who, like Terry, is ex-Goldman) and with Jim Kenefick to create a "green" (non-energy) development capital fund, again doing smaller deals that most "green" funds will do. The fund, Iron Leaf, will focus on the green building sector. This is a high-quality team and we are impressed with everything we have seen to date.

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