Cut the cr@p....I am an investor in Patriot One, with over a million dollars invested. Normally I don’t participate in these online forums, however after seeing the recent inflammatory posts, and some of the crazy assumptions that you guys make, I am going to weigh in on behalf of all the smaller investors who may not have the experience to understand what is happening here, and are concerned about the statements here.
After the change in executive leadership and before deciding what to do with my shares, whether to sell them, or buy more, I did my research through my connections in the Venture Capital community.
The executive team that has been brought in is solid. I connected through my network with Private Equity firms and Venture Capital firms that have hired Evans to turn around their investments. He is their hired-gun problem-solver. Evans has been hired by companies like KKR ($8.7B) to help turn around a $2B cybersecurity company, and by a number of VC companies where he took struggling companies and turned them around and got them growing and profitable. His reputation is excellent, and if anyone can turn around this leaky ship that has been adrift for 4 years it is Evans. My contacts called him “relentless and unwavering focussed on outcomes”. This is a nice change to Cronin who was lost in a fog and had no experience in running a company or even a department.
As for the hilarious allegations of SEC investigations, anyone can research any filings. The only SEC complaints have been by the same two conspiracy theorists that are constantly bashing P1 on these boards. The baseless complaints have been dismissed by the SEC as the rantings of individuals based on their opinion, versus knowledgeable and seasoned investors. My advice to all investors is to ignore these idiots and their conspiracy theories that have no facts. They clearly have some desperate need to be proven right, or a vendetta to short the stock. Further, these individuals are now being watched by the SEC for unacceptable commentary, racist comments, and harassment of P1’s customers, all which could lead to legal action.
In prior communications the CEO clearly stated that he "would issue meaningful news" and was going to clean up the cr@p. This means signed contracts that the customers have approved for public use, and things like the website getting changed to be focussed on customer benefits. The customers don’t give a cr@p about the tech and whether it is bandaids and bubblegum. They care about a solution to a problem.