The proverbal "rock and a hard place" perfectly summarizes the situation between
posted on
Oct 14, 2009 12:26PM
the BOD and TPL. On the one hand we have a board that unexpectedly fires three top officers on Friday and by Wednesday of the next week we still hear nothing about the situation. If some posters are correct and the Baroni hire was based on evaluating/auditing PDSG, then one would have expected a plan of action to be in place the moment RG was fired. Several people have made reference to the fact that it appears this decision had potentially been reached weeks ago. Considering the unusual timing of Mr. Stan Kaplan's detailed questioning during the CC and RG's subsequent answer of 6 -9 months, it does seem that something was already afoot. That being the case, if announcing the firing was kept until Friday, then it was completely reasonable to expect some kind of follow-up on Monday, no later then Tuesday. Patriot would be the proverbial "rock" and the "hard place" would be.....
TPL. You really can't expect the SP to maintain this level when Alliancense puts out that kind of outlandish PR, IMO. They literally set this up for the fall knowing expectations for more licensing within a few days of the "3 Banger" would be extremely high. As I've said before, my experience working for a small publicly traded company does give you a better sense for how a well run company should perform. Because of our situation we really are surrounded by this constant dog and pony show. My head gets dizzy trying looking back and forth at all the side shows. Patriot appears to constantly be chasing its' tail and TPL only fuels the fire with a 3 year long campaign eluding to increasing fees and hundreds on the hook. I do hate the thought of lawyers being hired and a shareholder revolt but, how long can we continue to make excuses for these guys? It reminds me of the famous rant last year from Mike Gundy, the head coach of OSU.
"Where are we at in society today? Come after me. I'm a man. I'm 40. I'm not a kid," Gundy said.
Well neither are any of the players we are dealing with. I'll give the Baroni assessment a chance. If it appears to be more fodder and no substance, I would be on board for a reasonable game plan that would be 100% transparent and 100% shareholder oriented in terms of the purpose and intent.