Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

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Re: Buyback correction

Patriot Scientific

over 16 years ago

in response to 1Rare1's message

From Sep 17, 2007 shareholder communication on the front page:

Dear PTSC Corp Shareholder:

Shares repurchased: Over the course of FY 2007, we've spent over $8.8M repurchasing shares of the Company. To date we've acquired more than 18 million of our own shares under a program that began in July 2006 ... We've suspended share repurchases for a while because I no longer believe this is the best use of the company's cash at this time."

Per James Turley

So unless this stockholder communcation has been superseded, the repurchasing of PTSC shares has been discontinued for now.