Hi Ron -

The statements I made in my last post were based on how the share price reacted to specific events in Patriot's past history.  In December 2007, we saw a nice rise in the SP that was due to a relatively good number of signings within a short time period.  I think there were actually two or three signings within in one week in December (?)  Based on the number of signings Patriot received in December, I don't think it's unrealistic to that we may see 5 signings within one week when the patents gain momentum.  However, I do agree that when Patriot reports one rogue signing, the seller(s) appear and do their thing.  I believe that when Patriot reports frequent signings, the company starts to look like a cash generating machine and this is what the market likes to see - the amount of buyers negate the sellers downward pressure on the stock. 

"A persuasive argument can be made that a favorable ruling on the '584 is an event that would be a catalyst to more and/or more frequent settlements." 

True, but that same assumption was made by many before the Markman Hearing, the Settlement Announcement and the last quarterly.  Many claimed that a favorable Markman, which I believe is one of the most significant events, would launch our SP into the stratosphere.  As you're aware, the exact opposite occurred.  I took a lot of heat stating the same things before each of these events. 

I'm no psychic but I've worked in the financial services industry for 25 years and I believe that Patriot's SP will only rise after it "actually" becomes successful.  (Success = lots of money in the bank and lots of money pouring into the company.)  I don't think Patriot's SP will rise on perceived potential.  If this were 1998 and the stock was on the NASDAQ, my opinion would be different.       

Thanks for all of your helpful info you provide to the board and GLTY.