For anyone with a large tranche in this stock..

It might be difficult to cash in a large position, without lowering the share price to a level that would cause a possible panic,and a rush to sell that would create a downward spiral..which would feed on itself..

Therefore anyone with a large number of shares would see the result of a buyback ,,(Lower float and higher PPS),,as a way to sell ,(LESS shares,with higher value) on any upturn,without ,unduly, jepardizing their remaining share value..

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On the other hand; A dividend payout would accomplish two things immediately;

One...Lower everyone's cost basis,by the same amount as the dividend they receive..

And Two... lower the total cash in the Patriot treasury by the amount of the payout.

Since there are many share owners who have 'Moderate sized holdings',,it might be preferable for them to take "The bird-in-the-HAND",(Dividend).,and not wait for any questionable future return.

Just a thought as to which option, would be preferable,,to someone/anyone..