Kallister's Profile
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It's just that these redundant personal attacks against the same persons day after day after day are being received with all due respect that your personal rants deserve. None.
Let's respect Wolf for the respected member that he has always been, and if for no other reason than that he is both your senior and mine. I, for one, appreciate his legwork. I can also remember the day when you did as well.
Please, let's stop with these tactic's and acts of demeaning rhetoric.
I almost never weigh in on what is discussed on any of the PTSC
message boards so I hope that you will all forgive me for doing so on this most recent subject of a new shareholder letter.
Frankly, standing outside and looking in, sending such a letter at
this point in time seems a quiet act of desperation. The ball is out
of PTSC's hands for the moment and in the hands of the patent
office. We have a new CEO who appears to be aware of the general panic in the streets and who seems actively engaged in trying to address the issue's.
Many of you have too much invested in one stock
and find yourselves buried in red. I've been there, too, but we did
that to ourselves; we let our dreams lead when we should have been more cautious. Meanwhile the company appears to be trying to find it's head via other acquisitions, perhaps in an endeavor to offset the damage that a negative review might yield.
To demand, and in fact, that is how this letter reads to me, rather
than to suggest a course of action, is probably futile and may even
cause more of a stampede to the gates. And, if the BOD's were to
actually take this advice and begin a serious personal buying spree of shares then I am not sure that they would not be engaging in even furthering their liability to their shareholders, especially regarding new shareholders attracted by the action.
If in the end this stock winds up going south, perhaps that might be the time to start a serious inquiry into who knew what and didn't share, but at this time, I vote for dancing with the party that
brought you to the dance. I am looking forward to a positive ruling
in our favor, and for that, we shall just have to wait it out.
Might I also add that it is a pure pleasure to have you posting here Brian, and that while I may not support your letter at this time, you might well be right in going thru with what you are proposing. At times, Patriot has more closely resembled an unregulated shell game rather than the promising company that it should have been.
Excuse me... I meant to say...
You certainly must have better ethics than you have been showing of late?
I'm not sure that I understand your question, borredo. Are you asking if "a group of shareholders" with a combined total of 13% of the total number of outstanding shares would have any leverage to influence the board of directors of a company? I guess it would depend on the quality of the company, wouldn't it seem that way to you?
Do you think Warren Buffet would be concerned if 13% of the shareholders of Berkshire Hathaway grouped together to send in a letter to the board of directors? Would Warren take that seriously? I think the quality of both the man and his company would dictate that he would, however, it is probably also true that 13% of his shareholders have only ever grouped together to plan outtings and events for their next shareholder meeting.
I'd like to think that PTSC shares that same quality.