I've been around a long, long year...
posted on
Oct 14, 2013 06:31PM
Wow. What a ride we’re having! Not all that pleasant though… At least, not yet.
I’ve been heavily invested in PTSC since about 2006 and I have never sold a single share. As of this writing, I am underwater with my investment… Glug, glug, glug…
Despite my unpleasant history with this stock, I have recently INCREASED my holdings, once again. Call me a glutton for punishment, but I have confidence in the value of the MMP, especially the ‘336, and I am encouraged because I believe that Chuck Moore, as a brilliant inventor, has interests that now seem aligned with our own. Not only am I glad for him, I am glad for us. Our alliance with Mr. Moore should play well with any juries we must go before in the future. And the obviousness of that fact should play well in license negotiations.
I have mostly been a lurker on this board, but because I now own more than a million shares, I believe I am fully entitled to join the fray. Not my inclination to do so on any regular basis, though, because I doubt I can contribute much of value. There is a lot of ‘noise’ on this board, and I have no desire to engage in vitriolic discourse with anyone, especially with anyone who is obviously trying to move the SP artificially.
Nonetheless, I am extremely appreciative of everyone who rises above the noise here: those who post pertinent facts and those who post thoughtful analysis, especially when verifiable links are provided. Ladies and gentlemen of that ilk (BaNosser, Ronran, and many others) I thank you! Please keep up the good work!
I believe PTSC to be a risky, but good, investment, and I plan to hold onto my shares so long as I have hope that the BOD will eventually grant proper dividends as a just return to the company’s shareholders. Once they do that, an appropriate rise in SP will follow. I expect those dividends to begin soon, very soon. In fact I believe dividends should be declared immediately upon successful future licensing.
If events turn, and it becomes clear to me that insiders will continue to benefit in greater degree than common shareholders, I will bail. Big time. And I'm afraid I will be joined by many, many others (whether they voice their opinions here or like me, generally remain silent). I sincerely hope that PTSC's advisors will begin to recommend, and it's BOD will begin to provide, a proper return to this company’s OWNERS (hear that Jim O?)!
If Patriot’s BOD have a REAL PLAN to increase the SP, I am willing to be patient and remain somewhat in the dark, provided that the PLAN requires such stealth.
If, on the other hand, the BOD does NOT have a well-thought PLAN that requires secrecy even from its shareholders, then I believe we would be proper in demanding that the company’s transparency be increased with more frequent and substantial disclosures and PR’s. In our present circumstance, you would think that our best interests might best be served by SHOUTING our victory from the rooftops! If that's not the case, then at least explain why. given these alternatives, why then, do we only have silence from the company? Are we paying them too little to look out for our interests??
If we, as shareholders, do not soon see the transparency that lets us know the BOD’s PLAN, and if later it is revealed that there has never been such a PLAN, then I expect that shareholders (I among them?) WILL RISE UP with a wrath that hell has not seen!
Patience is only so thick…
GLTAL,
SeaOtta, JD, MBA