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 uvagrad's message

If that was the case then you would have no "installment payments" to recognize. The whole deal would be dependent on another variable. If it was dependent on a PTO re-exam then there is nothing to report period....I agree.

Likewise, if they made that kind of deal on the eve of the trial, then I say then made a bad deal. To risk that much on the decision of one PTO examiner's review, when we had them in court already was a mistake...JMHO

I also would read that as really no "agreement" in the sense of a license agreemnt and that, if we are under a re-exam decision basis, should have been negotiated tot he point that we, the shareholders should have been informed.

That type of influential info we should have negotiated to be able to release.

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emtnester
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