Patriot Energy Corporation (PGYC)

[raysplays]

PEEB, it is not what he said - it is why is he making public comments, now? Why would he be making any public comments about any agreement with Patriot - at all? How would such comments benefit Mr. De Santis?

IMO, this is his only way of strengthening his negotiating position and gain a larger piece of pie.

The questions for you are:
1. Do you believe that Patriot and Mr. De Santis have an enforceable lease agreement?
2. Do you believe that this agreement rose to the level of a meeting-of-the-minds?
3. If you were going to make a formal offer for a company, wouldn't you have your attorney's verify the enforceability of the underlying contract?

IMHO, one of the legal issues that will hurt Mr. De Santis if he continues to fight for more leverage is the fact that he was acting under a POA (power of attorney) with 4 witnesses. That will make this fun to watch!