Dear Tom -

Thanks for recognizing all of our hard work - although we're not really sure what exactly you are referring to. The shareholder letter only took us 40 minutes to draft. As for your request regarding optimistic projections, sorry, that is just not our style to provide that kind of information or outlook - and we do realize this has nothing to do with the black-out period.

Thank you again for not having any concern over the 50% decrease in value in your account and the languishing share price. As we've told you before, we really don't have any control over Patriot's share price. Oh - we're still considering engaging an investment banking firm to help with the M&A.

Sincerely,

Patriot BOD