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Message: JT's Statement

JT's Statement

posted on Dec 19, 2007 12:56PM

I know that many are looking for something which might indicate the relative strength of the recently announced settlement. No one really knows of course, but here is something that occured to me upon reading JT’s statement - FWIW...

In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April.

Now why tell us shareholders that? And why would directors, officers, employees, and consultants want to trade PTSC shares anyway? Would they likely want to sell their shares following a settlement? Surely they wouldn’t want to buy any more - or would they? Hmmm.

Anyway, I’m glad I didn’t cash in all my EDIG to buy PTSC based on specific timing of events that many here seemed to feel was so certain. It probably won’t happen, but EDIG could just as easily and unexpectedly triple or better before next April by which time PTSC will hopefully move again. But if I buy PTSC and EDIG takes off, then someone else can explain to my wife why EDIG finally went up after all these years and we weren’t in position to benefit.

Fortunately I did manage to gather a few more shares of PTSC around .60. Since I’m no good at picking tops or bottoms, what I’d hoped might be a quick profit has turned into a long-term hold. And so it goes.

- Sinkman

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