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To: TraderGreg who wrote (1966)	4/29/1998 11:28:00 AM
From: Mike Sawyer	Respond to of 5847

I'm not worried and I hope that our discussion has helped others to think through it. I'm holding and watching. I'm bored with this stock...but I believe it's worth hanging on at this time. I hope Patriot isn't involved in keeping the stock at these levels in hopes of getting a better deal. Probably not...but it has happened with other companies.

To: TraderGreg who wrote (1966)	4/29/1998 12:12:00 PM
From: dealmakr	Read Replies (2) \| Respond to of 5847

TraderGreg, The reason that I am upset with the letter is the following. 1. No mention of SEC reporting status. This to me is one of the most critical issues to be addressed. Timeframe given was early May. Well when. SEC reporting status will remove a lot of doubts about this company. 2. Shares issued and outstanding has gone up, also the float. I expected the float to rise due to the rights issue, but not the outstanding. Maybe I am wrong here, don't know. 3. Number of shares in street name has incresed? Why. 4. Number of shares certed in the float has decreased? Why 5. No EXACT number of shares in the float given, but number of shares in street name given. How can anyone make any determination without the EXACT number count. 6. Short issue still outstanding. Even though IMO this is a problem how can anyone feel comfortable certing their shares unless EXACT information about share counts is given. We have seen that a lot of folks here that say they have their certs are full of crap. So be it. Doesn't mean that they aren't investors, just maybe means that they aren't long term investors and will be gone on the next price spike or cash out for the next hot play. To each his own and not said maliciously. To do real combat with a shorter you have to go into battle with ammo in your gun. Shooting blanks here due to lack of EXACT information for the battle plan. Not used to losing or retreating. 7. Patriot. When? Put it to rest already. 8. Repeat. When is this company going to full reporting status? If not done in a timely manner, my perspective will change. This is most IMPORTANT. These are the reasons that I am upset. This is not to be construed as a basis for thinking that the company is not going to do these things. I do have a lot of faith in management to increase shareholder value. Just putting these key issues to rest will increase shareholder awareness and longevity. I have stated before that to me this is a long term investment and will continue to view it as such. I am long here 300k and have 170k certed, but will not cert or buy anymore until the company is in full reporting status. I also will not be selling, just waiting. I would like nothing better than to increase my position and go longer, give me the ammo guys. Lets get it together. Get the finacials OUT. Sorry for rambling Dave