Patriot is hiding behind the NDA
posted on
May 01, 2008 08:10AM
Patriot management won't give us "any" info or status and they're cleverly using the NDA as a shield. Whether they are using it to shield good info or bad info is anyone's guess. IMO - they are walking a tight rope of breaching their fiduciary responsibilities and possibly violating insider trading rules. If there is bad info being kept from us, say the J-3 outcome, I believe it is a fiduciary breach to state that they are happy with the outcome and then not diclose any negative info regardless of the NDA - the shareholders must be protected first. We got the quarterly but that certainly doesn't jibe with "we are happey with the settlement". If there is some great info that isn't being dicslosed to the public, I don't see how they can trade having knowledge of that info. How about Patriot's views on the USPTO re-exam???? Is there an NDA preventing them to discuss that?! Sorry - needed to vent.