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Write a book!
Market it as a non-fiction book.
Nobody would believe it was a true story.
Ignited, It may be me but I am not sure I follow what you are attempting to say in your reply to my post.
In my opinion you seem to be saying on one hand we should not be critical of the Board of Patriot or they might not be nice to us or do their job as they are being paid to do but on the other hand you also seem to be critical of them.
If this Board ignores the will of the shareholders vote over several elections and continues to obfiscate and ignore the desires of a vast majority of the shareholders of Patriot while poorly managing what is left of PTSC what makes you think that they would change their form of compensation from cash to Patriot shares or for that matter be better stewards of Patriot if only we were nicer to them?
Remember, it was several years ago when Cliff in front of a room full of shareholders stated that he would not buy shares in Patriot as he could not afford to invest in such a risky investment!!! (yes I know that aprox a year ago he bought if I recall 75k shares at aprox. ten cents per share. A drop in the bucket compared to the millions he has taken from Patriot. And I do not mean earned). If his performance at the recent shm was any indication of his work ethic
(a nineteen minute once a year talk to shareholders of a company teetering on the brink with more questons and answers then imo could be responded to properly in one four hour meeting)
then he should of resigned no later then when he made that statement of "risky investment" in relationship to the company he was being called a CEO of, I asked him at the time diretly and in person to resign based on that statement and many times since but he is till there. IMO, a Ceo of a pub licy held company chief duty is to work daily on increasing shareholder value and calling your company too risky to buy stock in is not a way to lure investment ro share price stability.
So I ask you exactly what do you think a non critical body of shareholders would see out of this Board?
I centainly believe that they would love for us to be quiet until the coffers are dry but I believe that they are most concerned that someone might some day lift that curtain and realize the sham that the "Wizards of Oz (ptsc board members) have been pulling on shareholders for far to many years.
Ignited, lastly we all would like to be more respectful to the Board of Patriot but I was always taught and instructed that Respect is earned not given blindly.
When one takes compensation to do a job you either do the job correctly and responsibly or you step down if you cannot do the job properly or you are being poorly treated. You do not keep taking money under what you know is false pretenses. This Board should of gone away a long time ago if they had an oune of ............ (fill in the blank).
IMO
Brian, I agree it should send a message to the Board and if they actually cared it would be a significant insult to any true business professional.
i also find it interesting and troubling that we have fellow shareholders who failed to vote their hundreds of Millions of shares and REALLY make the Insult to the Board that much stronger! They withheld their votes and sat on the sidelines for what reason I cannot imagine.
I do not know if these shareholders are low information share owners or just do not understand that an anti Board vote is much stronger then a non vote. True we who did vote on a 3 - 1 basis againist the Board was a substantial anti percentage statement but I would have rather had the anti votes be 275,000,000 shares againist by adding in most of the withheld votes.
I also found the comp vote interesting.
Either way the Board rec'd another message on how "we" feel about their "leadership" in advancing the cause of OUR company or should I say lack thereof of professional or moral or ethical leadership.
I was not surprised but rather dismayed to a very very small degree (remember I just stated I was not surprised) when during the lenghty shm CF did not answer such questoins as.... Why has PTSC not taken a greater role in protecting our interest in the Bk proceedings? Why has PTSC not taken a great role in protesting the costly delays by the CC committee and Judge and of course DL in failing to assign a bk recevier? Or finally it would have been nice to have greater detail on the PDS three party situation and why CJ allowed the PDS situation to get out of hand regarding MMP compensation for licenses such as Apple or any number of other such points of interest?
Flowers certainly could not plead being too tired to continue talking virtually as the mtg by my recknoing went a lenghty 19 minutes. Imagine, 19 minutes to speak to the shareholders of the company you receive $400k+ in compensation from. (Please note, I did not say earn as that would be an insult to everybody who actually works and yes earns their wages or compensation).
Be well
Marc
Isn't the fact that we are a penny stock based on the possiblity of fruad perpetrated by corporate mgmt enough for the SEC to check this one out?
How does a company with patents that are "slam dunks, walk on water unbeatable sure things....", turn a company like Patriot into a perpetual Penny Stock until of course the Board sucks it dry and then of course PTSC will be a virtual company or a shell of one.
I believe I know the answer as many shareholders do but we do not have investigative authority to drag the truth out into the light of day but the SEC does.
Being a penny stock should be a Warning Flag for the SEC not a reason not to investigate a listed company.
IMO
there live and just prerecorded the meeting days ago and is at the beach.
As it was the meeting was not long enough to allow me to have my virtual cup of coffee and donut.
How could this man not answer more pertinent questions? Over $400k a year and this is what you get?
Bet he is exhausted. Hasn't worked this hard or for so many minutes since he joined PTSC.
Interesting do we really know if other Directors were even there? Bet they get per diem pay for being at this ???? Meeting????
At odds with Alliacense? Then why have we not fought for a Receivership at the Bk court?
We don't know names of potential infringers or numbers that TPL has ....why not... no answer... guess BK proceedings are also a sham like this meeting.... how could the BK committee and Judge not requiring names etc of infringers to give to BK committee and Judge so they can honestly negotiate with TPL another reason why there should be no negotiations with Leckrone. How can the a honest court possibly let this go on?
They now have in place a process to make sure there is no comingling. When did this take place? Thought when we settled our suit against tpl we put that is place so how did Johnson let it go through?
What a joke of a meeting
All directors reelected.... DUH... with no competition they could win by getting one vote each. Of course we are not given actual numbers of votes againist. I bet that of the 269 million voted shares 80% or more were against the current Board
Interesting he skips over comp vote which tells us how actual directors vote went.
not surprised that Cliff says he is still interim (???) they still have no PDS third party independent member