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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Forget share buyback

Patriot Scientific

over 16 years ago

It drains cash and at this point only averages down our Losses on previous buys. What's our avg. ..close to .62? What company is going to want a lot of our shares, based on our past performance? We need cash, and lots of it. Markets a mess, Goldman sees recession coming. Cash will be far more valuable to us, imo.

Biggest surprise of 10q for me was the overwhelming support for all board members. Johnson fairing worst with less than 20mil. against. Seems we are stuck with them.