Patriot Scientific

"I did not like the unsecured loan, but have you ever considered, this could be a way of gaining more control for PTSC?"

I am failing to follow your logic. If we loaned TPL funds on an unsecured basis (or on any basis for that matter) that is a net reduction in our cash position and lessens our available resources to fund our portion of the master agreement participation rate. An inability to fund our portion would jeopardize our control, not enhance it. Although I think/hope we are a long way from being in that position, I simply do not understand your statement.

And while I am at it, I know that you "know what you own", but do you have any idea of the value (instrinsic, market, or otherwise) of what you own?