I agree with the majority of your post. Would it make sense for ELSE to merge with PPTV? The losses from PPTV would offet investment gains from AUGT. The CFO from PPTV and other G/A people would get the boot. Filings with SEC would be cut in half.
Maybe the combined company could eek out cost savings of $400k/yr. Do a 4 shares of PPTV for 1 share of ELSE swap. Would mean less then 3M new shares with 600k being treasury shares.