"including discussions with our SEC attorneys about a possible stock buyback program, and finally concluded that the dividend payout was the most prudent thing to do at that time." 

Interpretation:  We've totally covered our azzes here so don't even think about questioning us on paying out these divies to our buddy Swartz. 

Pohl/Patriot are totally covered, they've got more lawyers than a mid-size law firm looking at every move they make.  Of course Pohl stated he's perplexed about the SP.  If he admitted he knew what was making the SP sink, he would then be responsible for taking action to rectify the situation.   

No worries about TCR - all he's going to accomplish is antagonizing posters on this board.  There's nothing he can do about the BOD but complain.