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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Share Buy Backs

Patriot Scientific

over 16 years ago

Re: Share Buy Backs

Patriot Scientific

over 16 years ago

Re: Share Buy Backs..to add...

Patriot Scientific

over 16 years ago

in response to PxPEnPassant's message

Why would PTSC buy back 2 million shares, approximately 20% of the shares sold (not traded) in the last 19 trading days, if in fact, the prospect of additional revenues is waning??? That would be absurd, imo.

2 million shares at .26 (lowest possible share price offering in the last 19 T-days, ) = $520,000 or more. I would wager that all shares purchased by PTSC were not at a .26 average either.

Why would PTSC buy back shares if the well is running dry??? That strategy, imo, would be ludicrous. If you're trying to cross a desert to reach the promised land, then you will need all the water you can get in order to remain alive.

That's all I have to say about that.

Regards,
PxP