Interesting, that most here understood the "Reverse Split" topicfrom RG's letter in a complete different way than I did (I remember B-Lunist and someone else understanding it my way).

In my understanding (NOT: opinion) there is little doubt, chances are high a R/S will happen - unless the company is able to buy back about 100mio shares or someone else buys shares for PTSC...(see my post regarding the logical probality of a R/S some weeks ago:http://agoracom.com/ir/patriot/messa...

Mr. Goerner states (please note, that so far there seems to be NO strategy in plan...lol...;-)):

"...ONCE we have developed a strategy, and acquired sufficient revenue-producing assets,...."

some sentences later he defines the first (and most important) requirement for the R/S:

"The NORMAL MEANS to adjust the stock price to meet listing requirements would be a reverse split of the stock. The board is not anxious to move toward a reverse split UNTIL it believes that:

1. The company has a reliable, long term opportunity for growth of (less volatile) revenues, profits and shareholder value..."

Well, I guess, this is quite clear:

In the moment PTSC is in the position to show a strategy based on on-going revenues, there's a high probability, the company will consider, if a R/S is the right tool to take the next steps or not. And depending on the developments of the next six to nine months we will hopefully get a feeling, if he and the rest of the company are the right ones, who are able to turn a R/S into a success.

BTW: I'm looking forward to the next Update Report from Dutton, because he should give us another clear sign of the most important positives and negatives of PTSC (you know, that I see Dutton as part of PTSC's communications).

GLTA