Excerpt from David Pohl's 9/20/06 letter addressing the issuing of two cash dividends.

(my highlight)

Patriot's Board of Directors startled the world of microcap companies last spring by having the Company declare and pay two cash dividends within approximately six weeks. Some shareholders questioned why we chose to pay two dividends during that time period as opposed to doing other things with that money. The Board of Directors carefully considered a number of different options, including discussions with our SEC attorneys about a possible stock buyback program, and finally concluded that the dividend payout was the most prudent thing to do at that time. We were delighted in finally having sufficient cash resources to give something back to our shareholders as dividends.