Isn't it a shame...
posted on
Feb 03, 2012 04:52PM
Just a end of week post, nothing like Rons or Laurie's adds, Kirks etc etc just my addled mind wandering.... Why I am bothering I have no idea so I apologize in advance.
Today we closed with volume of less then 100k traded in a company with over 400 million shares outstanding, a recent very very important court hearing, a shareholders meeting coming up, a potential blockbusting lawsuit ( much of which depends on that court hearing previously mentioned and whether our "partner(?) has the courage to finally "Go the Distance" because this time may be the last time we can do that.
After being a shareholder almost from the beginning (along with Edig) and one who has made money in both of these companies though I am still long nothing really surprises me but...... If our three amigos would use some common sense or maybe I should say my warped form of common sense this is the moment that we should start putting some of our money in the bank to more use then paying their inflated compensation.
What I am getting at (the long and short of it is) buy some time, space, whatever it is called on some of these penny stock ( hard to believe we are still one) web sites and once again imo scream the potential of what MAY happen in the coming weeks or at least the next few months. Tell the truth. That at $.09 a person has the potential of taking a shot with favorable court statements and rulings of making many many times their money or at the very worst seeing their downside being a loss of $100 per 1,000 shares. There is a true story here and we should be telling the investing world about it.
Imo, over the past few years very very few new investors have heard the PTSC story. It has been a very long time since our corporate "leadership" has made any type of real move to get some truthful p.r. out. If not now when? There are so many reasons to be frustrated for us old long timers and for the not so old and not so long timers regarding the status and losses they have or may have sustained with this investment but lets forget the past for just a moment but if anybody can get to the three amigos please tell them my suggestions...
First this weekend not Monday but this weekend get in touch with the aforementioned penny stock web sites (hard to believe I am suggesting this) buy space and time and starting Monday tell the truth loudly but with a positive slant. It can be done. I think telling investors the upside vs downside and the truth might be refreshing.
Then have them report that the three amigos in advance of court news and the ASHM have each out of their own pockets purchased shares in the company... finally but better late then never.
Keep this up with some new info on a daily basis. We need to see millions of shares moved daily not under 100k. (Ron touched on this sore point a few days ago). Spend some money for us shareholders for a change and who knows it actually may bring in some new blood (I bet it will) and if we get some positive news from the SF court regarding the Markham and if we get some backbone out of TPL to take this matter to trial or have a massive settlement whose price our company releases then we really hit the investment community with our news.
Okay, I know I meant to keep this short but one last thought.... I do not know about the rest of you but I use to (over a dozen years ago plus) tout Patriot as the next coming of IBM, Apple, MSFT etc... I made a few people money but many are sitting with major losses and do not take favorably to my suggestions anymore. Most companies in Patriots position would have their shareholders calling relatives, friends and more and selling stock for the company free of charge.... no more or imo very few do that anymore. I would be embarrassed and the company burned me so badly that I would not tell the mailman about the company (though I did a long time ago).
So a vital source of share volume for a penny stock such as ptsc is not there. We the shareholders of record have no faith or most of us don't have much so we do not share the story. We do not say that with a modicum of good news this stock could easily double.
If you agree with me at all try and get to Patriot and tell the to open the checkbook for something other themselves and an hour of a hotel conference room and hire professional tout companies and I do mean plural. If nothing else it would add some excitement to what should be a vibrant week or more in the life of our company. Under a 100k in volume if I did not know better I would say the SEC stopped trading which of course they did not.
As our resident lawyer says we will see what we will see and as I mean it when I say God Bless you all and may we all remember that life does not begin and end with PTSC.
marc