I don't want to shock you, but after I came home from my running session, it suddenly came to my mind, why the upcoming 10Q will probably show a loss and why I would appreciate it the bigger it would be:

Even if the settlement with the J3 was only $$$$ 100mio (Thank, B-Lunist...;-)), and given that we have six licensees besides the J3 (with JVC J4) until today and further given there are some to come until the end of February, then I would expect the following from a educated CFO:

- Prepare the company for the (hopefully) big profit in Q3 = parking as much money as I can for the taxes to be paid in the months before my fiscal year ends.

I don't know, how much money Patriot is allowed to "park" for taxes, but if they park the maximum, I would see it as a good sign - THOUGH it would mean a loss in the 2nd quarter.

BTW, big profits and thus taxes to pay on these profits normally accelerate the companie's willingness for M&A activities, because they can use the possible loss of the bought company to reduce their taxes. So maybe we'll get some news in this field until end of May...

GLTA