Re: 81 in Negotiations...SGE1....
in response to
by
posted on
Apr 29, 2007 08:36AM
I commented on questions that I remember being addressed at SHM. Problem is, after catching up on the 100's of posts, I now can't remember exactly what I heard, or what I read. Pohl stated at the begining of meeting that a PR would be out in a few weeks that would address most of questions if not all. Sorry I could not answer them all. There were a couple questions where I think I knew the answers, but elected to not answer as I would not want to spread mis-information. Corrections to answers welcome. GLTAL
"1) Inverse relationship between share price and company financial condition since early 2006."
They were surprised about this as much as we are. Risk of Markman/Case must be reason, but they felt that even with an undesirable outcome, that Patriot would still be successful.
3) "Appointment of Carl Johnson to Phoenix Digital BoD in 2006 w/o knowledge of shareholders until 2007."
If I rememeber correctly, Pohl stated that CJ jointly filled this role with Pohl. He did not explain the secrecy.
"5) Does PTSC agree that S/L warrant conversion has hindered share price? If "no", what has? If "yes", what has been/will be done about it?"
See #1. I don't believe they every made a direct correlation between warrant conversion and declining share price. The only reason I remember them providing is that price needs to move up before it will get attention from fund managers. Pohl stated that his trips to NYC have been to meet with Wall Street to build interest in stock.
"7) PTO status of wireless charging patent."
This has been addressed in other posts. Does not work well.
"10) Real purpose behind Holocom deal, and how quickly accretive."
They believe that it has opportunity, i.e. assets, patents, revenue. Already cash flow positive. Not huge #'s yet, but if I remember correctly, at current rate would be $4M/year cash flow.
"11) Immediate plans for acquisition/joint venture."
Already addresed in other posts. Pohl stated he was working with another company months ago, but they (other company) backed away from table. Pohl stated that the company has since contacted him and would like to resume talks....no promises.
"12) Why SEC filings routinely filed late."
Already addressed in other posts. Cleaning things up, Sarbanes Oxley, etc.