Ron, normally I agree with most what you say, but you present THE BIG REASON for the current "strategy" of PTSC by yourself:
"If the case in Texas is lost, PTSC will likely cease to exist as we know it. Yes, it will have money in the bank, but whether quality acquisitions can be made thereafter is an open question. And further, even if the case is won but the damages are relatively small, future licensing activity may not be as frequent or as profitable as we would like."
I'm sure Pohl and Turley played the different scenarios, how to increase shareprice, and I'm sure, they talked a lot with people from the investment business, but exactly what you stated, is the reason, Patriot is NOT a choice for serious investment people.
We all here know about the great potential (and I'm with SGE1, who described the possible development to 25,- $), but until middle of June there was a big uncertainty due to the Markman.
I'm very confident, that we will see a step-by-step increase in the shareprice until the 10K-numbers and beyond and I wouldn't be surprised; IF this goes to trial, that we are in the 1,- to 2,- $ range, provided there is a settlement with one or two of the J3/ARM.
So, though I had some bigger problems to accept the PTSC "communications strategy" (mainly because I'm in the communications business for nearly 20 years now), I understood (with the knowledge I have from Patriot and the markets), that this might be the best way to get rid of all the burdens from the former years and install a serious fundament for the futuere - which I'm sure, will be great!
But we all don't know the "master plan", so we have to be patient, when the "David vs. Goliath"-story starts, but I'm sure, it will start with a big bang...
GLTA from Germany