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Surprised at your comments ...you are normally more articulate as to why you don’t like the stock.....I have been disappointed as well...sounds to me like a 2021 story...I’m still willing to wait though
Pats name is all over the board behind the gentleman making the announcement
Will be pennies most likely and my guess is most will come from Xtract deals that have nothing to do with patscan platform...but we shall see
I suspected it was very old
Source?
I’m not surprised in the least I predicted it over the weekend..it was very obvious to me
Had nothing to do with earnings imo...did you not read the bold ass statement the ceo made..that’s why the price ran up...now since it hasn’t come to fruition we pulled back....so to answer your question investors expected something HUGE...because the CEO stated in October you will see something that will make investors understand why we are the number 1 security company (paraphrasing)....hope that helps
Iacp was lackluster in comparison to Martins hype imo..perhaps he has something up his sleeve before months end...we shall see
Facilities have UPS...backup generators..etc
The climb was shorts beginning to cover..they made a ton dropping it to under a buck..but they need to cover at some point..given the price from a technical perspective and upcoming announcements (per the ceo)..this was the right time to cover
200k shares with an avg around 1.25...looking forward to the future!
Oh glad to hear you picked some up at .99
Ellen you should have listened
Told you Ellen
Looks like the covering is beginning
Wow..well good luck with that!
Well shorts are going to need to cover very soon if what Martin said is true
No problem...few more weeks and things should be wayyyyy different
An AMAZING update from Kip Herriage and his VRA letter. Kip has a great call with Martin Cronin today. Read carefully, we are that close:
Good Thursday morning/afternoon.
Had maybe my best call ever with MC a few minutes ago. If you're new to the VRA or the Pat 1 (PTOTF) story, make sure and read our VRA Special Report on the company.
Martin is in Greece with Tom Ridge (Pat 1 board member and former US Head of Homeland Security) for a "major strategic opportunity". They were invited to meet with 223 top business leaders in Greece (and from around Europe). Greece is looking to invest heavily in security build outs, both law enforcement (LE) and military.
This sounds big...
MC added " Throughout North America, we have our teams presenting everywhere. Additional contracts of size nearing. Our sales team and supply chain are locking down major contracts now."
When I asked about the recent stock price action Martin said, "The move in the stock is completely divorced from reality and the stock price will soon reflect that. Investors should be very confident in the future of our company".
I addressed the rumors that Pat 1 is having "tech/FCC issues" and that these issues have had an impact on product rollout/sales. Martin said these rumors could not be further from the truth and that they are coming from short-sellers and competition.
I don't believe this has been shared publicly, but Martin said that recently, a “whistleblower” (air quotes) actually called the FCC to tell them that Pat 1 was illegally using communication bands for their CMR tech (Cognitive Microwave radar). Martin said this is a red herring and that these accusations are absolutely false. After meeting with Pat 1 reps the FCC quickly realized this was a false tip and decided not to pursue the matter further.
I know from personal experience with start-ups...and I've seen this first hand with some of my emails and Twitter contacts...that their competition and Canadian short sellers (real scummy types) are actively trying to harm the company. As one of the first to issue a Buy Rec on Pat 1, and as a long term supporter of the company, I have a number of "concerned investors" that keep sending me "research" on Pat 1, pretending to be supporters. Instead, they are trying to poison the well. I've been around a while...seen this game many times. Just be aware of this if you're on message boards or similar.
Personal insight on Martin: I've said this before and I'll say it again...this is a good man. He has compassion and empathy for others, including those that contact the company to say they are losing money in their investment in Pat 1. Folks, most CEO's would simply tell these investors to "sell their shares"...or "find another stock to buy"...or in most cases, not respond to them at all. After all, its not the companies job, nor his, to pacify investors. But MC takes the time to get back to people. He listens and cares.
His quote: "Kip, our job is to be the best at everything we do. We are the preeminent weapons detection/security company on the planet. Soon, everyone will realize this as fact. We're building this company the right way...that's our commitment...to everyone associated with us."
I would invest in any company that MC was running. I believe he's "that guy".
Martin also made clear...twice...that their recent acquisition of XTRACT Technologies is bearing serious fruit. "The EXTRACT team is key to many of our current, major initiatives. The AI/algos work beautifully with our tech. You'll soon see the contracts and revenue from this acquisition."
Martin also said something that caught my attention when I asked him about short-term catalysts for the company. He more than hinted at this in our last call. Said that the upcoming (end of October) IACP (International Association of Chiefs of Police) Conference may have a significant announcement which would immediately change the view/exposure of Pat 1 (Tyler and I are slated to be in attendance).
"Mobile...a real advantage with LE" (big hint here I believe).
Short term catalysts include "key client announcements. Flagship clients". We know from our last call that when MC says "flagship clients" he's referring to Fortune 100 co's, globally. The "biggest of the big".
"We are not a "single play" company. Soon, people will know what that really means. Just know that our Cisco and Johnson Controls partnerships will play a significant role in whats coming...".
Folks, we're talking about $30-50 billion companies here. He stressed their names on our call. Most interesting...possibly new product development that includes both co's? Sounds like we'll know soon enough.
Martin said again, "We are the preeminent weapons detection systems company on the planet and that will be crystal clear to you and others in the near future. We are doing so many things with our partners, people will be shocked."
There you have it. It's my continued view that Pat 1 will be a monster growth stock for us. 10 bagger +. Own Pat 1 aggressively.
Until next time, thanks again for reading...
Kip
I sure hope so...I’ll have a million shares most likely
You’re sitting on it
Bottom means nothing...it’s all about where this goes in the future and where I sell
That’s their other company that’s tanking...I was one of the lucky ones that made a killing on one of Kals companies...I was smart enough to get out at the right time...I’ll be retiring many years earlier because of that...good luck
You are in a completely different conversation clearly
It’s not the same guy...he has nothing to do with patriot but collect a small royalty...he’s the guy that tanked cannabix and breathtec...I wouldn’t give him a penny
You misquoted me below..so wrong again it appears
100% wrong...I do understand these relationships because A) this is what I do for a living B) There have been many public statements by the company stating what role these partners play...sry to see you lost money dude but you are having a difficult time understanding the business model, development process, and strategic partnerships associated with this company...which is why you probably lost money....you should never invest money in something you are not well versed in...best of luck to you...now carry on
You can talk all the smack you want, makes no difference to me..I know what I’m holding and I know what it will turn into...we have many products and partnerships with the biggest companies in the world...this other company is at the infancy stages..been there done that years ago..which is how we were able to commence these partnerships...you would be better off talking smack at $tockhouse..there are like 10 people on this board...you will have no impact ..then again you are probably already on that board doing the same.
I have no problem waiting this baby out. I continue to build my stack
Sold everything 125k shares...embarrassing to say how much I lost..oh well I can make it back on something else...won’t make or break me...just a fraction of what I made from Kal’s other company
TESTING....huge difference..we tested for years in a ton of venues
Yea I found it they are testing through 2020...these guys are years behind Patriot
Then you probably shouldn’t invest in this company because it’s probably going to take a year or so to see big numbers and if you can’t copy and paste a url then you must be at least 90 years old...so you might not have a year left grandpa
Dude you don’t know how to copy and paste a url?
Link please
Really..a lot of shorts? I’m surprised there are enough of people that even know about this company to equal a lot of shorts..plus we hardly get any volume..anyway TGIF indeed
I heard about their threat detection venture...I had no interest tho...I like the other one you mentioned for threat detection....they have their challenges but I’m expecting it to pay off in the long run....bull run gets a small royalty from them too last time I checked but certainly not a Kal run venture as I believe you pointed out a while back
More fortress like hardware...Patriot is about covert scanning..hidden in walls, floor, and ceilings so that folks don’t feel like they are going through an airport when they are trying to enjoy leisure time at a casino or resort...big difference
Lot of volume..relatively speaking