Patriot Scientific

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

over 13 years ago

Re: I think that "the settlement" mentioned as the reason for the delay

Patriot Scientific

over 13 years ago

Re: I think that "the settlement" mentioned as the reason for the delay

Patriot Scientific

over 13 years ago

in response to ads123's message

"If a settlement were to be reached, such settlement would constitute a material subsequent event to the Registrant's quarterly financial statements for the period ended November 30, 2010, affecting accounting presentation and related disclosures. Due to the uncertainty as to whether such negotiations would result in a settlement, the Registrant is not able to timely file its From 10-Q for the quarter ended November 30, 2010."

Wonder why the J's settlement did not constitute a material event.?