"While we expect to use Patriot stock as our chief currency in any transaction,...."

Even if RG would fully dilute up to 500mio shares, he just had about 120mio shares at $ 0,20 equaling $24mio for an aqcuisition - but this does not give him that much revenue in order to reach a higher EPS for our shareprice.

Thus, there are only two possibilities IMO:

- RG expects the shareprice to rise with several 100% in order to receive a valuable "chief currency" until he completes a M&A

- RG & Cie are looking for small and smallest companies to purchase in a price range between $0 and $5mio

GLTA