Pat’s Investor Smokescreen @PliskinNYC, Jahpatriot, Pandora -I agree that there has definitely been a disconnect between Pat and its investors. It all comes down to semantics for Pat's leadership.
Pat feels that it can use both NDA's and "contractual complexities" as a kind of smokescreen to defer any meaningful updates to shareholders.
Fortunately for us, they can't hide the income (or lack of income) in financials. While we should have access to a hell of a lot more details regarding Pat's sales progress, they can't do a lot of smoke and mirrors with financial reporting (without getting caught and incarcerated).
My primary concern is that Pat's sales teams are finding more resistance from companies to ink large scale contracts than expected, and they are hiding behind the excuse of NDA's, etc.
Q1 2022 is the real crossroads, in my opinion. Money don't lie.
If there are not appreciable sales income shown in Q1, whether real or deferred, then Evans has been leading us on in the hopes that things would get rolling before he had to show his hand. I say this because he has noted several contract completions since May, and a number in the works.
At that point, I would be the first to sign a motion of non-confidence in Pat's leadership. While investors can't fire a CEO, they can put a tremendous amount of pressure on a board to do so.
All that said, I have faith we will see some income in Q4 2021 and a good uptick in Q1 2022.
All IMO.