The 18mio number we KNEW already from the 10K, if you look under subsequent events:
"During the period June 1, 2007 through August 1, 2007, we purchased 4,961,640 shares of our common stock at an aggregate cost of $2,725,793 pursuant to our stock buyback program."
Now add the 13,467,527 shares with this number and you get the 18mio.
This in fact means, between 08/01 and 09/17 NO shares have been bought back.
But anyway, one thing is for sure:
From a communications point of view yesterday's pr was disappointing and misleading - and I cannot recognize a honest and serious attempt to relax the shareholders with a fluffy pr like this.
It's time to quit these "games", IMHO Patriot is seriously damaging its reputation; it's like in the fairy tale with the sheep and the wolf, where the sheep lied two times and screamed "wolf!" and the third time nobody believed the sheep, but this time the wolf was real...
I still know, what I own, but maybe I started at the wrong time...lol...glta
