Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
in response to SGE1's message

Yes I whole-heartly agree; thus my adamacy on said subject. Hopefully 'a while' has passed - this was Sep 07 i believe. 

 ''Shares Repurchased.

Over the course of fiscal year 2007 we’ve spent over $8.8 million repurchasing shares of the Company. To date we’ve acquired more than 18 million of our own shares under a program that began back in July of 2006 when the management and the Board of Directors felt that our stock was undervalued in the market and that this would be a prudent use of corporate funds. 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. Although we still believe our shares are undervalued, I strongly believe we can put that money to better and more profitable use elsewhere.''

And if and aquisition is in the works the share-structure may be getting a shuffle via this somehow.

e

Please login to post a reply
emit
City
Paducah, KY
Rank
Vice President
Activity Points
38982
Rating
Your Rating
Date Joined
12/14/2004
Social Links
Private Message
Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
Shares
401,392,948
Industry
Technology & Medical
Website
Create a Post