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Globe says Taylor keeps Patriot One Tech at "hold"

[toasted101]

Globe says Taylor keeps Patriot One Tech at "hold"

Patriot One Technologies Inc (C:PAT)
Shares Issued 150,728,622
Last Close 12/14/2020 $0.44
Tuesday December 15 2020 - In the News

The Globe and Mail reports in its Tuesday, Dec. 15, edition that Canaccord Genuity analyst Doug Taylor says Patriot One Technologies' first quarter 2021 results failed to meet his expectations. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Taylor says he is "looking for better direction" from the firm's new leadership. He says in a note: "October Q1 results continue to show a slower than anticipated commercial revenue ramp. Shares traded down 8 per cent after results were released pre-market on Friday. With a new CEO at the helm -- Peter Evans joined a month ago -- we are looking for Patriot One to produce evidence that its products are achieving commercial success before we recommend the shares. With no evidence yet in the Q1 results, we are once again flattening our forecast. While the company's multi-sensor gateway product was released in the quarter, the company continues to pursue initial deployments. We note that the impact of COVID-19 on target markets has likely led to ongoing delays in hardware sales." Mr. Taylor shaved 25 cents from his share target, taking it to 50 cents. He is the lone analyst covering the stock. Mr. Taylor rates the shares "hold."

© 2020 Canjex Publishing Ltd.

[TedOrlow]

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[PliskinNYC]

Listen Ted, Cronin isn't in charge anymore, new leadership, new product, new CEO, CFO, new sales department ect. Analysts put it on "hold" so everyone is waiting to see the new direction, no sense in beating a dead horse with the "Cronin talk" he's out.  If you are an investor, have your moment to vent and then sell or stfu and wait just a few months, otherwise

[TedOrlow]

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[PliskinNYC]

Ok, if your an investor I get the frustration, but we asked for Cronin to get the boot and he got the boot, I'm pretty sure he's embarrassed... as he should be, but now we have to wait to see the new guy in action, now "bashing" makes no sense for an investor. fair criticism, questions and concerns ARE in order and it works because it was our concerns that got Cronin out in my

[TedOrlow]

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[Nightstocker]

May or June will tell the tale, Ted. By that point, the vaccine will have allowed businesses to open their doors and start the process of getting back to  normal. Evans will have had  six months at the helm- plenty of time to have proper processes in place. We have a highly reputable reseller in the Middle East, an area with lots of money and plenty of violent threats. I am hopeful

[PliskinNYC]

Government contracts are the KEY, federal, state city, county, foreign, domestic..... we need to hammer them with requests and demands for LOBBYING governments and institutional CONTRACTS, those are big league home runs. this stadium stuff is appetizer.

[BaronBuffett]

Wasn't this part of Tom Ridge's function?

[PliskinNYC]

I thought the same thing, and I raise you one "where IS Tom ridge" and if he's getting checks from pat.....why, and when is he going to actually... do something for the company??

[TheGesharoo]

I wondered about him too recently.  I don't see him as listed on the board of directors anymore.  As i recall he received 500,000 shares to carry out his minimum commitments w respect to attending events etc and he is now gone. I remember him attending at keast one security conference? g

[RedMonk]

I believe they called them "Senior Advisers" Like to know what happened to them all.

[Pandora]

September 2019 is the last I see mention of the "Senior Advisory Board" which at that time still included Tom Ridge: TORONTO, ON – September 4, 2019 –– Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce that retired Vice

[RedMonk]

I remember seeing them on PATRIOT WEBSITE just before Peter Evan being named as CEO. September or October 2020. 

[Nightstocker]

Tom Ridge is a bit of a "Board Mercenary". At last check, he was on the Board of Directors of the following companies: Pat (?) Agusta-Westland Home Depot (I know, what the hell?) National Organization on Disability Lifelock Savi Technology Alliantgroup Daon Biometric Advaxis Hershey's Chocolate I would imagine his removal was part of Pat's cost cutting measures. I doubt he was

[TedOrlow]

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[TedOrlow]

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[Rick311]

Lol good one