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Message: Perhaps its the MMP being sold

Perhaps its the MMP being sold

posted on Jul 10, 2009 06:20PM

"Rick Goerner, Patriot’s President and CEO, stated, “The objective of this quarter’s Webcast is to discuss the Company’s progress and recent M&A activities in the data sharing software market. We will also highlight customer opportunities we are targeting in both the healthcare and public safety and justice sectors,” said Mr. Goerner. “Relative to the MMP™ Portfolio, both Patriot and The TPL Group are in agreement that it would be premature and speculative to discuss the many opportunities and activities which are underway with respect to the MMP™ Portfolio. As a consequence, we have not made any recent public announcements regarding these activities and cannot discuss them in next Tuesday's Webcast."

Interesting timing coincidences that company goes silent on MMP in April, Moore goes public on MMP fight in early May (May 9th I think), and RG puts his house up for sale on May 11.

Perhaps we've got it backwards, and their looking for a loophole to sell the MMP without shareholder approval by getting a valuation on the PDSG enterprise that will show it to be the predominant asset. When you consider the one time payments make it difficult to value the MMP, and that they are potentially in the homestretch on the '336 and definitely on the '584, could that be what this is about?

Sell the MMP with no resistance for the shareholders, and then deal with the remaining enterprise?

IF, IF, IF!!! lol

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