Have been away from the board some days due to Easter holidays and I'm suprised by this phrase:

"... I am just not planning on getting the majority of my money back."

Wow! With this kind of attitude, it's understandable, you're happy with RG.

But it's my understanding of the last three years' communications by Patriot, that they were planning to INCREASE the shareholder value and so far it looks as if we can expect this stock to rise in 2011, 20012 - from the current or lower level (depends what happens in the next days, weeks, months) to maybe 0,20 or 0,25! Sad LOL...

I AM NOT HAPPY with that, because I was at least planning on getting not only my money back, but to increase it - maybe the wrong attitude with PTSC??

Anyway, RG has to explain, how he intends to increase the shareholder value based on $ 0,40 (the sp, when he started) in the next future - and not in 2013! And with the current companies Crossflo & al. there is NO WAY to justify a shareprice of 0,40 or more, thus he needs a working MMP - and thus he has to speak about those "opportunities and activities" and it's his obligation to find a way between the requirements by TPL (though it's very questionable IMO, it's allowed for a public company to be restricted by a private company)

By the way: why was it written in his contract, that he would get permanent CEO and/or more options, if he was able to increase the value of the company over $400mio? My answer:

It was a bluff for us, the shareholders IMO! We are far more away from those $ 400mio than Elvis to come back from the dead...

And all this talk about a class action suit: I was speaking about forming a shareholder group, which starts to demand more transparency in the first place. Only if the company refuses to this, THEN further steps should be CONSIDERED, which means to weigh the positives and negatives and THEN to decide, what to do.

So from demanding more or better communications by PTSC to starting a class action suit is a big stretch in my opinion and not helpful to discuss the possible steps, how to form a strong shareholder group. Anda big laugh for those, who are alleging, that it's the goal to get cheaper shares...hahaha...do you think, that those, who are red with 80-90% are waiting for cheaper prices to average down??? Complete BS, I'm sure 99,99% don't want to buy additional shares, they only want the money back they invested.

Sorry for this long and venting post - glta