Just how sad the Patriot debacle has now become... Also JP?How much further will the claptrap and utter skewed BS go on with this guys?
The fact that JP is now creating an alternate spreadsheet to alter the calculations made by a University is beyond troubling. Whats more in the attempt to do so is a telling act that the report effectively states that the PATSCAN MSG has rather significant flaws.
Again and i say AGAIN ....
The PATSCAN MSG is classified under the certifications mentioned last week as a WALK THROUGH METAL DETECTOR (WMTD)
In efforts to show Shareholders another bunch of certifications the Company has now PIGEONHOLED itself. It did exatly the same with the CMR , that got a classification as something it wasnt .
The issue with this certification albeit legal where as the CMR one was lied about , this one puts the MSG into commodity pricing of a 50 year old technology in a market that is full of decent chinese gear. Further the MSG is made by Safepointe.
So in the shining light of this report effectively there is nothing but consolidation and a horrible outcome for shareholders.
$80 million CDN spebnt on hand waving for 5 years and the outcome is an OEM reseller deal of a common WTMD.
On sales its even worse PAT is trying to sell a $40 dollar hotdog that has the same ingredients, nutrional value and hunger outcome of the other 101 established hotdog vendors that charge $5 with a free soda. That report cements this foundation.