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: WHY?--@ads123

Patriot Scientific

over 16 years ago

in response to gcduck's message

..."

"But in fact.....they don`t buy back!!! They had several chances to buy back but didn`t ....so i can`t support this theory."

In my post I spoke of a third possibility, that "someone would buy shares FOR Patriot" - this was my theory regarding possible settlement terms (example: Patriot receives 200mio$, 50mio of this in PTSC-shares).

Only IMHO - glty "

So then if X dollars was devoted to PTSC shares, the lower the price, the more that would be bought back on / for PTSC's benefit as a (hypotheical) term of the settlement?

I think that possibility is a pipe dream, but the way the market has been manipulated lately, making money holding stocks is a pipe dream as well.