There's only one reason for the abundance of posts expressing "shareholder concern" and that reason is "SHARE PRICE".  The tone of this message board would obviously be a lot different if the share price was over $2.00.    

Also, expectations of shareholders have certainly not been met.  Shareholders expected the SP to rise after the Markman and the J-3 settlement announcement.  Shareholders also expected to see more lincense agreements flowing in at this juncture. 

All common sense - I know. 

In some ways, I think the shareholder letter added fuel to shareholder angst.  The BOD conveyed that they are currently looking into engaging an investment banking firm to help with the M&A search????  As others have stated, this should have been done "months" ago.  The letter worsened shareholders supspicions that Patriot Management is really "doing" that much.  Management doesn't seem to want to disclose what they're doing - so what are we to assume?