He turned down $20/shr without negotiating with USTR. Now look at Layton's idea of value creation.
Of course that buffoon still has his 1/2 million salary, his corporate jet, his cross-referenced book page, his other company, his golf club membership, etc. Next he'll implement some action to get DZTK to forgive his outstanding loan. Then we can really fry him.
Layton is the lid on this stock's price - pure and simple. Are you happy with that loser? Do you like the "shareholder value" that he has screwed up?
But the market makers and institutions should be the ones investigated here. I mean rememer the company has not gone through any serious change and the spin off from dztk was discussed months ago when pfsw was in the 30s. Layton bought stock in pfsw at 17. but why ...DIRK GOODSEY FROM CHASE HQ SHOULD BE INVESTIGATED BY THE SEC. REMEMBER CHASE HQ WAS HIRED FOR THE 80% SPIN OFF OF PFSW FROM DZTK. I cant believe the insiders of PFSW to be as stupid as they were to buy Pfsw at 17, And then not sell. It certainly would be a good defense in court though. Its just a guess, but it seems like Insiders bought stock as a plan to defend themselves legally from a falling stock price. Do the math is it better to lose your job from a possible takeover or make an illusive atempt to deny shareholders the right to be taken over.