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: "Strategic Partnership"? pautaotzu

Patriot Scientific

over 16 years ago

TPL could offer the retail shareholder 500% times the current pps.

5 x .40 = $2/sh

So, it's not a strategic partnership, it's TPL buying the 50% of PDS that they don't hold. The problem with that is that there is no valuation as to the benefit of the strategic partnership to TPL.

I don't think any court in Delaware would see a problem with that offer.

$2 per share for PTSC's 50% of PDS values PDS @ $1.6bn. I'm sure that there are many who could persuade the Delaware Chancery Court that that substantially undervalues PDS, more so with full discovery.

Be well