Sam74 - PSN is down what 60%, and you get a chance to buy at almost the same price as an insider with a large purchase two days ago, maybe its an opportunity. The stock is discounting a dividend cut so even if we get a 50% cut in January it has already been built in. Industry conditions are set to improve in Q1 so PSN should get back on track. They need to work hard on the AR and when that starts to improve the stock will have some good upside. Just my opinion.

Joe Kostelecky

Executive Vice President

Bought 125,000 shares @$5.16 0n Nov 20

Nov 21/12 Nov 20/12 Kostelecky, Joseph A. Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $5.16


(bio) - from Poseidon website

Mr. Kostelecky is a business executive with a career spanning nearly 30 years in manufacturing, development, HSE and operations with large energy companies, service and supply companies, and manufacturers and retailers of proprietary products. Mr. Kostelecky joined Poseidon’s previous parent company, where the innovative fluid handling technology was developed, to spearhead the growth of the service offering in the United States market and manage the growing Poseidon operations there. Mr. Kostelecky became Poseidon’s Senior Vice President, United States Division when the company became independent in November 2011, and in May 2012 was promoted to Executive Vice President. Prior to joining the Poseidon team, Mr. Kostelecky spent the previous 28 years in various corporate leadership roles, including with Pool Well Service (Enserch Corp.), an oilfield service company, where he was Director of Safety and Development; Providers Optical, a laser and commercial optical manufacturing business servicing the managed health care industry, where he was President and CEO; as well as consulting arrangements in operations and development with several S&P 500 companies. Mr. Kostelecky holds a Master in Leadership Management and a Bachelor of Science degree in Business Administration and Finance from the University of Southern Illinois.