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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"Negatives and Possible Solutions"

Patriot Scientific

over 16 years ago

Something really must have changed with Mr. West/Dutton - today's report is overwhelmingly positive.

Here another big hint to a possible R/S:

"• The number of outstanding shares is very high at approximately 391.4 million. A reverse split at the appropriate time, coupled with a major event, could solve this negative.

• Patriot Scientific’s common stock currently trades on the OTC Bulletin Board and this trading venue makes it susceptible to naked shorting and daily market price swings benefiting the market makers. This negative could be solved with the listing on the NasdaqCM or another major exchange. Meeting the listing requirements could be facilitated by a reverse split in conjunction with a positive corporate event, such as a major M&A announcement. "