You've hit on the very subject I was thinking about this morning. Having watched the S/P drift to this point, along with some fairly significant volume for a few days, I can't help but wonder if someone already knows something regarding the pending OA. I know the revelation from the Q regarding the TPL debacle and subsequent suspension of licensing is bad enough but, is that the only thing weighing on the S/P? Unfortunately I've become so skeptical about this company that any continuous pressure on the S/P makes me think something else is coming. On the one hand I would like to believe the examiner is just tidying up before the rejection of a full re-exam, on the other hand I feel like if he's taking this long he must be making his case for justifying another re-exam. Oh and as usual you are correct, they have no idea what they would do with additional cash. Like I said last year, just enough cash to stay open but, not enough cash to do anything with. Well they do have some idea of what to do with it ie., paying themselves.

I got a good chuckle last week reading my GE and Dow Chemical proxy statements. How can PTSC BOD salaries be on equal footing with these companies? No need to reply, it was retorical. I started to scan the five leadership skills GE uses when evaluating potential board members and email them to Patriot. I love how their proxies are written. Each BOD member has a short biography outlining their past/present work experience and how the experience fits into the 5 skills needed to qualify to be a potential GE board member. We removed a board member, last year, from my employers board. It was decided his interests were not aligned with the company or it's shareholders. He was asked not to run for re-election, so he didn't. It's really not difficult to maintain a qualified board with sufficient qualifications. Of course that goes right out the window if three out of the five seats are occupied by persons who clearly have their own personal agenda.