Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

We have 5 non-executive directors who do nothing but ADVISE. We have ONE executive, who apparently is responsible for EVERYTHING. Mr. Flowers who acts as CEO, CFO, Corporate Secretary, and head bottle washer is apparently in charge and responsible for every thing PTSC does.

I guess we now have a sole proprietorship, rather than and incorporated company, lol.

Begs the question, with so much BAD advice given, is there a reason that these "non-exectutive ADVISING directors" would still be worth of milestone's endless and creative defenses?

Additionally, is it legal, and proper that the decisios of a Public Company are left in the omnipotent, and apparently UN-Checked hands of ONE man? Where are the safeguards?

Did our non-executive directors ADVISE our CEO/CFO that this was the proper tact to take?

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lambertslunatics
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