considering his background, it does make you wonder why he uses 'Patriot’s strong cash position ' in more than one press release.
Even when he came on board, " The company’s strong cash position and forecast for future cash flow from patent licensing allow Patriot to consider investment and M&A activities that will build a more product-focused company"
RG has been around big numbers, so it seems highly unlikely that small dollars will make a big impression.
Goerner has extensive experience as an operating manager and CEO with technology companies on a global scale. He served as President and COO of the Storage Products Group of Texas Instruments, a one billion dollar supplier
Aggressively pursue full M&A activities. We will steer the company toward the acquisition of operating businesses in the electronics sector focused on software, networking and/or wireless technologies. Patriot has public market access to attract certain private or foreign entities. We are not ruling out the consideration of an acquisition of another public entity either. Patriot’s strong cash position, public company posture and significant market capitalization value give us a very solid negotiating position, especially considering current market conditions and other companies’ limited access to cash.
RG has to know something better, why hire the likes of Paul Bibeau (whose no slouch) why would individuals like these get involved with an OTC company?
At this point I as many others have no choice but to stay invested, but you gotta like what has been transpiring lately since RG became CEO.
glta
Tom