The cast of characters on these boards…never cease to amaze me.
Pohl deserves a lot of credit:
First let's consider that the $$$$ (dividend) to the shareholders are PROTECTED. Even the most optimistic poster on this board realizes that PTSC/TPL patent portfolio is not a guaranteed trip “to the moon.” Even if we suffer a partial loss, PTSC assets would essentially be FROZEN and face the high likelihood of being returned to parties who were previously considered infringers: OUCH!!!!
These dividend payments are tough to swallow; yes, the dividend payments remind us that we are still a risky venture (I personally feel that the opportunity far outweighs the risk).
Second...If the validity of the patent portfolio is reinforced by the Judge (let’s say @ the Markman Hearing in May) then the dividend’s short-term hit to Patriot “cash on hand” will be long forgotten. At this point in time we don't want "cash in hand." And once validated, the owners of the patent portfolio (you and I) will be richly rewarded for our intellectual property. Yes, richly rewarded.... Pohl and the new Management Team would be able to embark upon many new revenue streams; and he knows that if the patents are validated that the cash will be so plentiful that frequent dividends will be a “no brainer.”
At the end of the day, the dividends serve as a “safety net” for folks like you and I. The dividend funds do not even come close to paying the tax obligations of L&S….do the math against their 10% ownership and you will see that this is crazy talk. Ironically, S&L’s dividend proceeds will not even come close to paying Sophiegirl’s tax obligations assuming that we are validated. At the end of the day, the dividend pay-outs are a legal and rational way to quickly protect the patent portfolio proceeds in lieu of the unarguable risk that we face in the upcoming weeks: we should be grateful.
IMHO…