Pivot Technology Solutions Inc. T.PTG

Still baffled by the rose coloured glasses..

[kulewater]

I used to be a shareholder. Divested over a year ago at a nice profit. Ever since Kevin took over the revenues have been backsliding as a result of less intake from major customers. Not sure how you can see this as anything but a decay in business health. Yes the margins are a bit better but thats a result of lower revenues and a shift to services. Anyone that thinks this is a good thing should ask themselves if they would rather have 1% of a billion or 100% of 1. 

As far as Smart Edge goes they company really sold out shareholders that were being told this was the next great differentiator for PTG and would really boost earnings in the future. But guess what, they sold all that R&D and promise for $25M - thats peanuts. And its a one time event. Nobody is going to invest in the long term prospects of a company based on a one time event that will boost revenues for ONE QUARTER.

The non-exclusive agreement is a joke. Why even put that in a release. Everyone has a non-exclusive agreement with Intel. 

The company has seen erosion in revenues - and thats the big take away anyone should be cognizant of as they evaluate this investment.

Just my two cents.

[digitel]

This post has been removed in accordance with Community Policy

[Capharnaum]

I have to disagree about your margin comment. Higher margins are always a sign of product value. Services is a way better business than straight up sales.  As to selling Smart Edge, I think the forecast for profitability was like $5M per year from Edge. Since PTG pays a 11% dividend, that $25M is the equivalent of 8 years of profitablility (at $5M per year). It also lowers dilution risk or

[shirtlessagain]

i have to agree with all of your post kulewater, I too was here when you were here last, the sale of smartedge after all the work and expense that was put in probably has it break even at best, the non-exclusive is a joke and you cannot continue to have margin compensate for revenue, at some point the margin with be exhausted and revenue still dropping, I will not be taking a position here even if

[kulewater]

the non-exclusive is a joke and you cannot continue to have margin compensate for revenue, at some point the margin with be exhausted and revenue still dropping, Bingo. Kevin has been milking this dog for over 2 years now on the promise of SmartEdge and now its in the wind with barely any ROI.  Time will tell whats what but there are way better investments out there for those interested

[lscfa]

PTG sold Smart Edge because there was more development work required to produce a premium product. Intel will get it done faster and PTG can start selling it sooner. Makes sense to me.   Gianluca Tucci, Echelon Wealth Partners Inc., Research Division - Research Analyst [18] -------------------------------------------------------------------------------- Yes. I know that. That is