Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
miles....
over 13 years ago
9

You keep wanting to ignore this part -

"(b) for payment to TPL of an amount equal to 15% of the
Adjusted Gross Cash Proceeds minus any amounts previously advanced to TPL (and
not previously credited against payments to TPL hereunder) pursuant to Section
4.3 of the Commercialization Agreement; and"

Payments made for the working capital advances are deducted from the 15% payments. So they can jockey around all they want, it's not going to get them anywhere.

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FutTheWuk
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