PHST » Topics » PART II

This excerpt taken from the PHST 10-K filed Jun 26, 2006.

PART II

 

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

Our common stock is currently listed on the Over-The-Counter Bulletin Board system under the symbol “PHST.OB.” Our common stock first traded publicly on August 9, 2000, concurrent with the underwritten initial public offering of shares of our common stock, on the Nasdaq National Market and continued to be traded there until November 8, 2002.

 

As of June 22, 2006, there were 19,407,289 shares of common stock outstanding that were held by approximately 110 stockholders of record. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.

 

Set forth below are the high and low closing prices for our common stock reported on the Over-The-Counter Bulletin Board system for the periods indicated:

 

     High

   Low

Fiscal year ended March 31, 2006

             

Fourth Quarter

   $ 2.05    $ 1.37

Third Quarter

     1.90      1.20

Second Quarter

     2.32      1.65

First Quarter

     1.90      1.35

Fiscal year ended March 31, 2005

             

Fourth Quarter

   $ 2.03    $ 0.95

Third Quarter

     1.20      0.75

Second Quarter

     1.06      0.90

First Quarter

     1.70      1.03

 

The over-the-counter quotations reflect inter-dealer prices, without retail mark-up, markdown or commission and may not necessarily represent actual transactions.

 

We have never declared or paid any cash dividends on our common stock and do not anticipate paying such cash dividends on our common stock in the foreseeable future. We currently anticipate that we will retain all of our future earnings, if any, for use in the development and expansion of our business and for general corporate purposes. Any determination to pay dividends on our common stock in the future will be at the discretion of our board of directors and will depend upon our results of operation, financial condition and other factors as our board of directors, in its discretion, deems relevant. In addition, under the terms of some of our debt agreements, we are prohibited from paying dividends without the consent of the lender.

 

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This excerpt taken from the PHST 10-K filed Jun 29, 2005.

PART II

 

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

Our common stock is currently listed on the Over-The-Counter Bulletin Board system under the symbol “PHST.OB.” Our common stock first traded publicly on August 9, 2000, concurrent with the underwritten initial public offering of shares of our common stock, on the Nasdaq National Market and continued to be traded there until November 8, 2002. Prior to August 9, 2000, there was no established public trading market for our common stock.

 

As of June 20, 2005, there were 19,361,009 shares of common stock outstanding that were held by approximately 110 stockholders of record. Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.

 

We have never declared or paid any cash dividends on our common stock and do not anticipate paying such cash dividends on our common stock in the foreseeable future. We currently anticipate that we will retain all of our future earnings, if any, for use in the development and expansion of our business and for general corporate purposes. Any determination to pay dividends on our common stock in the future will be at the discretion of our board of directors and will depend upon our results of operation, financial condition and other factors as our board of directors, in its discretion, deems relevant. In addition, under the terms of some of our debt agreements, we are prohibited from paying dividends without the consent of the lender.

 

Set forth below are the high and low closing prices per share of our common stock for each quarterly period in our fiscal years ended March 31, 2005 and 2004, as reported on the Over-The-Counter Bulletin Board system.

 

     High

   Low

Fiscal 2005

             

Fourth Quarter (1/1/05-3/31/05)

   $ 2.03    $ 0.95

Third Quarter (10/1/04-12/31/04)

     1.20      0.75

Second Quarter (7/1/04-9/30/04)

     1.06      0.90

First Quarter (4/1/04-6/30/04)

     1.70      1.03

Fiscal 2004

             

Fourth Quarter (1/1/04-3/31/04)

     2.50      0.58

Third Quarter (10/1/03-12/31/03)

     0.95      0.22

Second Quarter (7/1/03-9/30/03)

     0.43      0.14

First Quarter (4/1/03-6/30/03)

     0.37      0.06

 

The over-the-counter quotations reflect inter-dealer prices, without retail mark-up, markdown or commission and may not necessarily represent actual transactions.

 

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EXCERPTS ON THIS PAGE:

10-K
Jun 26, 2006
10-K
Jun 29, 2005
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