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Message: RE: BTW, don`t be surprised to see their BOD defense appear in various ways.eom

RE: BTW, don`t be surprised to see their BOD defense appear in various ways.eom

posted on Mar 14, 2005 11:30AM
I don`t want to think that anyone from Patriot posts here. But I DO want to think they do read from time to time and get a feel for what some of their major retail holders are thinking - it`d be good for them, and would get them out of their comfort zones. Who knows, they would probabaly get better clues on how to run their company and plan their legal strategies than they would sitting around in their little circle jerk-fest.

What bothers me right now, is that the SP is dictating (to me at least) that Patriot does not have a plan B in place. It appears hey put all their eggs in the B&O basket, they thought they`d get it all. Welll BZZZZZT! WRONG!. They were dealt a blow they didn`t expect, all from errors councel made - expereienced councel that was on board OVER A YEAR + BEFORE, having extensive time to plan, converse, strategize, and agonize of the smallest detail. I shake my head to think we lost this at the front end legal strategy and execution. Anyone convince me that Patriot actually wanted this crew and their diplomas didn`t come from offshore, perhaps Grenada?

I guess Beattie`s arrogance rubbed off, or visa versa. Either that, or Beatties a damn good salesman. If that`s the case, he should be selling cars, not presenting before a judge...Something we found after the fact that he just can`t get done.

This is just unconsionable.

Where was Patriots`s insistence on a back up plan no matter how things appeared to be going?...Apparently nowhere to be found....so far.

I hold the BOD responsible for that. They have a duty to be fully involved and acting the way Corporate officers should - with primary plans and secondary contingencies. We have a CMC comeing up in a little over a month and there`s nothing about who will be on our side whan we go to court.

Instead, we`ve been treated to name piracy games being played, and short-term share runs strategies through considered payment to touts. Now more than ever, they should be approaching the shareholder with information, as to what they`re doing andf where they`re going - laying down real roadmaps.

I wouldn`t mind voting a few of them the heck out to pasture, but we both know that won`t happen. Golden rule`s still in effect. Still, I don`t mind sending a resounding NO vote to wake up the easy chair sized butts down there - that we do expect a bit more defensive, cogent, contingent thinking, and that they need to take a look at realistic solutions to current issues that bring SUSTAINING shareholder value.

/rant off

Kind regards.

(PS - The Pizza`s burnt, too damn small, has cheap ketchup for sauce and the cheese is fake. Any where the heck did these anchovies come from?)

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