Patriot One Technologies (PAT)

[value1008]

Looks like those posters at the Stockhouse.com bullboard discussion site on v.PAT were right about how the avalanche of cheap shares & warrants would crash the shareprice. Fairly good volume on the Canadian ticker most days, so hopefully the overhang of cheap shares will burn through sooner than later.

It's hard to figure out where a bottom is when so many shares are available. Hopefully most holders will not give in to the "quick small gains are better than longterm big gains" syndrome. If so, a bottom may occur in the 0.40s or 0.30s on PTOTF (US ticker).

I'm keeping this on my watchlist and at some point will likely buy a good-sized position. But need to wait at least a few months until that overhang burns off some more.