Let me clarify before this turns into a big mess.  My post was never about the "dividend" issue specifically.  The point of the thread was to validate Wolf's concerns.  It was an illustration of my personal experiences with public companies.  Given PTSC's history, Wolf like many others, has the right to watch with a leary eye.  I want nothing more than for Mr. Turley to prove his worth.  My relative still says the greatest part of his success was proving all the naysayers wrong.  I'm well aware of PTSC's history.  I would also say without TPL none of this would be an issue.  Swartz would have diluted us into the ground and Patriot would cease to exist.  Swartz, like everyone else, found himself in a very unexpected situation.  

Was it really necessary to allow them immediate warrant conversion, at virtually no cost, plus a dividend?  I do believe that's double dipping and of no value to the company or it's shareholders.  I nearly sold after the third dividend was announced but decided I would ride out the storm.  I knew that dividend was being distributed for one reason only, S&L.   I haven't changed my mind but watching everyone jump on Wolfpack reminded me of what happens when investors start believing in blind faith.  Quarter after quarter we sit patiently waiting.  It's ok for some to get jumpy that helps keep management on their toes.  I would say Mr. Turley received a much needed dose of reality at the SHM.  While he may have put his "other" career on hold, many here having been waiting years for their day in the sun.   He needs to remember that at all times. 

The problem for PTSC is that most of the issues concerning shareholder discontent are self inflicted.  I read every one of David Pohl's letters.  I really felt like the company was ready to launch.  He spelled out in great detail his vision of  this umbrella company etc, etc.  In retrospect it almost sounds like a great P&D scam.  How can people feel 100% secure when PTSC keeps changing the rules?  Pohl spelled out those plans as if they were ready to launch.  His letters were well written and clearly intended on giving the impression that something was about to happen.  Well a year and half later here we sit.  We've got the largest shareholder in the group telling us it's Texas or bust.  I'm keeping the faith in the MMP and TPL, the jury is still out on PTSC management.  All IMO.