Patriot Scientific

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

over 16 years ago

in response to kamranta's message

I got the same answer from Ken just now too...phrased my question a little bit more directly but same answer with the outcome being the company cannot buyback shares as of right now.

Hi XXXXX,

"..My question is.does this mean the company cannot continue it's announced
buyback program of the stock also till then,.."

Yes, it is confirmed; Pursuant to the following:

"..In addition, consistent with applicable securities laws and Patriot's insider-trading policy, the company's directors, officers, employees and consultants who have knowledge of the terms of settlement are restricted from trading in PTSC shares until after the company's quarterly financial reports are publicly filed next April.."

Excerpt from:

http://www.ptsc.com/news/press_releases/20071218.asp

Regards,

Ken AuYeung, Hawk Associates Inc.