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: Monday Morning CFOing - Jimbo

Patriot Scientific

over 16 years ago

in response to Jimbo181's message

I guess, firstly, were the funds to be needed or available immediately? Secondly, had the funds been in a money market account and then used to buy back 10 million PTSC shares at .60 late last year, many would now be wringing their hands over the loss of $5 million from repurchased shares. In the end, maybe it was good that we did not have the use of the funds over the last six months.

LOL, almost.