Disappointed, no.......Ticked off, yes.......I will not attend the SHM only due to the fact I probably wouldn't be able to speak calmly.....I would have liked the opportunity to evaluate the work RG has done with more information from these M&A dealings.......My votes are NO........
The stock option proposal rubs me like having to pay a manditory tip in a resturant.......Let's see some performance here and actually earn our money by putting CASH onto the bottom line......
There are a couple statements in RG's letter to compare.......First from the share increase proposal........
The second proposal is to provide adequate “currency value” with which to enable Patriot’s management and Imperial Capital, Patriot Scientific’s investment banker, to continue to pursue M&A discussions with other potential operating companies.
Management and the Board of Directors are seeking your approval for these two proposals to continue to have the tools to execute our M&A plans for future growth and profitability.
Now let's compare to our opening statement.......
The key theme of Patriot’s evolving M&A strategy is to leverage our current capital resources (cash and stock), and the future earnings generated from the company’s MMP™ Portfolio interest, into a viable growth-oriented operating company.
Doesn't quite pan out for me.......