Well Mil a trip to the Delaware Chancery Court may not be that far fetched after
posted on
Mar 01, 2008 07:34PM
all. I'm amazed that so many investors just now had the light come on. The few times I've mentioned my Swartz/TPL concerns most, Agora Longs, have a fit. I posted a very real personal story several months ago outlining in detail what happens everyday to public companies in America. Financiers, hedge fund managers etc., yield a tremedous amount of power and influence and they aren't afraid to use it. They have absolutely NO concern for retail shareholders. SGE, I know you flagged my comment about Swartz probably firing JT and that's fine. I'm thoroughly convinced he had a big hand in JT's departure. Anyone that thinks other wise is fooling themselves. I'm not saying it's right or wrong simply acknowledging what my intuition tells me. I owned PPHM long before I owned PTSC. I didn't do enough homework when I initially purchased Patriot and did not realize the extent of Swartz's involvement. What goes on here has gone on for years at Peregrine.
I never fully accepted JT as the right person. There's a very big difference between an individual who has the talent to write about technology trends and a person who actually creates them. All the information on Turleys career success, other than publishing, were pretty vague. Now the information discovered so far on RG is quite different. He past is squarly in the mix of creating value through products. One can only hope that the shake out truly comes from Swartz/mgmts belief that this individual can finally bridge the gap for Patriot. I want to believe that but, when you start getting the feeling the goal post keeps moving it's tough. A definite pattern is emerging with this company. It seems everytime shareholders are expecting/waiting on good news something unexpected emerges. We can talk until we're blue in the face about cash-on-hand, MMP value and even Swartz but, until this company gets cleaned up behind the scenes I'm afraid most of our discussion will be rehashing the same old garbage. If this keeps up our investment may find notoriety of the wrong kind. To me, Monday truly is a defining moment in this companies history. I know go ahead some of you call this post garbage, waste of time whatever. I to want to tell friends about the monster homerun I made on a stock sale just like you. I just feel like we are all FINALLY starting to be on the same page about the overall concerns. Here's to hoping, this time, it's for real. GLTA.