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Message: Hard to Explain

Hard to Explain

posted on Dec 10, 2007 05:35AM

Why Patriot is only up a few cents givent he licenses being obtained. The only answer seems to be that a lot of the current market valuation is based on the pending court action. Everything else announced is being given little or no value except perhaps to remove a bit of uncertainty.

This is important because it indicates a lot of holders of shares will be selling when answer to court decision comes out. That's going to overhang the market and keep prices from rising sharply.

Patriot had better get out some detailed projection as to what the court and other licenses mean in hard dollars to the company to support market valuation. 

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