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Kailash, Or anyone 'in the know', how did PRTI get into software in the first place? I had the bad luck of buying stock in a company called Hughes Resources, a raw materials play which had (supposedly) valuable timber, coal, gas and oil properties. After some sort of misfortune (the details escape me), they became Phoenix Resource Technologies, PRTI, had a reverse split and a spinoff of shares in another company, MVP holdings, which as far as I can tell are worthless. So, what it seemed I had was a holding company with no going business, spinoff shares in, I beleive, a bottled-water company, and no apparent value. The only reason I still own this company is because the shares are in an IRA, so I can't use a tax loss. Now we emerge yet again as a software company, maybe even a promising one. How? Maybe I will eventually see a few of my long lost dollars return? Interesting situation. Sorry for the long post, John R. |
