Listening to the conference call yesterday reminded me of the journey that we've been on thus far. We've now listened to Mr. Goerner on a couple of occassions, two of which were CC's. To appreciate where we are, versus where we were, one only has to close their eyes and imagine that same CC being hosted by Mr. Turley. That statement isn't intended to be slanderous, it is a simple acknowledgment of what we are witnessing. The manner in which those CC's were conducted can only be achieved through real world experience. Listening to Mr. Goerner and Mr. Flowers shoot from the hip tells me these people are certainly, if nothing else, seasoned executives. There is a level of professionalism being deployed at Patriot that hasn't existed in years, if ever. The reality is that kind of talent doesn't come cheap and it certianly doesn't guarantee success. Everyone here likes to think the questions being raised on this message board are never thought of by these people, give me a break. They've made more moves in the last year than in the previous 3 yrs. & 2 months I've owned this stock.

As I've mentioned before, I'm fortunate to have two friends that have achieved a high level of success. It doesn't mean anything for me personally. It does, however, give me access to individuals that understand the necessary path that must be traveled when attempting to reach those goals. Mr. Goerner's style is very similiar to one of those individuals. He demonstrates a strong command of the topic and his goals are clearly defined. I use to listen to my friends quarterly CC's on the NYSE. He was always in charge and rarely caught off guard. His answers were structured and well thought out just like Mr. Goerners. Who gives a damn if the man sounds like a robot? If there's knowledge behind his voice that's all that matters. For the first time in many years, he sounds like man who has a specific plan for Patriot. They have picked their spot and their going for it. There is no guarantee it will, or won't be, successful.

Regardless of how the pay cuts came about, whether it was shareholder influence or not, they've still made effort assuming Biajj is wrong on the percentages. I was also pleased to hear they are initiating cost cutting measures like so many other companies. They also spoke about having drawn down on their revolving credit for approximately $3 million dollars and the reasoning behind it. Allan Mulally, of Ford, looks like a genious having drawn down billions on Fords credit to weather the financial storm. PTSC did the same thing, does that sound like dummies to you?

In regards to the MMP, just like most here, I wish the details could be forth coming. I would cite one of Patriots own experiences when discussing the MMP, how about the ARS? We are initiating legal steps to persue Deutsche concerning their misrepresentation of the ARS vehicle. Does that sound familiar? How exactly would Mr. Goerner attempt to represent the MMP without 100% certainty on the outcome? If he tells everyone the re-exam looks like a slam dunk, and he's wrong, it would be lawsuit city. If he tells everyone they expect a full rejection, and instead they issue a re-cert, you got it, here come the ambulance chasers. There is no grey area on this topic, it is black and white.

Just in case some of you don't know Goerners back ground. I read extensively about him after he was hired. I don't think this is man who will take 30+ years of his career and spend the remaining time screwing shareholders, recking his legacy. I get the feeling, like my relative, that Mr. Goerner doesn't measure his satisfaction by the size of his bank account. It comes from the euphoria of knowing you have created something. He and Mr. Moore appear to have much in common, and that's not a bad thing. Here is an old article about his accomplishments. This isn't his first rodeo. It's time for all the Monday morning quarterbacks to sit back and let them do their job.

http://www.allbusiness.com/company-a...