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Message: Laying the foundation
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Laying the foundation

posted on Mar 09, 2008 08:14AM

Now that the numbness is gone I'm going to comment.

Old:Turley is gone. I liked Turley. ThanK you Mr. Turley.

New:New guy in. A guy who seems to make his living off of being a permanant intrim. I'm not concerned with his past only what he can do for us.

Even newer:the letter. The two paragrahs below makes me think PTSC is laying the foundation for a bigger and better future.

  • I've now been on board for one week and have been busy coming up to speed on the various elements of our business, finances and challenges ahead. I've had meetings with TPL, Patriot's investor relations and public relations groups as well as extensive discussion with the Executive Committee of our Board. I'm excited about the future prospects for Patriot and expect to build an infrastructure within the Company to support a more aggressive assessment of business opportunities. Toward that end, I have opened a requisition for a Business Development executive and expect to fill the position shortly.

  • Additionally, the Board and I are launching a campaign to replace the two open Board seats and we intend to add directors with direct electronics industry experience, and connections, to help direct the Company with respect to possible M&A efforts and help expand our scope of activity. We believe that market conditions are favorable for M&A and that quality opportunities will surface.

    • I guess the M & A isn't as far along as I thought (or hoped) it is.

    With the change I wonder if they are still using the investment bank to help with the M & A.

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