Aside from the obvious reasons such as Mattel, AMO and the other signings this quarter, these particular 2 paragraphs, IMO, are significant reasons that there should be a more optimistic outlook from the market on PTSC. For the entire BOD to sign off on and issue such language, IMO, would never have happened as it leaves them open to liability if it weren't very well founded. It implies that there will be significant company "activities" in the "near future", which I think means the next couple months at worst (three months from date of letter) and clearly states those activities should increase the shareprice. Obviously they can't guarantee the result, but for them to issue it in writing, means a lot. They could leave it unsaid, or state it in a more toned down version, but they didn't, which IMO bodes well. Clocks ticking so we'll see soon enough.
We certainly share the frustration expressed by many of our shareholders regarding the share price of our common stock. Management and the Board of Patriot feel that Patriot stock is currently undervalued, and we hope that our activities in the near future will lead to increased investor confidence that will be reflected in a higher share price.
In closing, we would like to add a note of reassurance to those shareholders who noted that no press release was issued for the 10Q recently filed. Although no press release was issued during the flurry of other activity that was going on at the time, we want to assure you that in the future we will make sure that Patriot issues a press release on all of our SEC 10K and 10Q filings.