Patriot Scientific

Well, there is at least one benefit of the prolonged depressed pps. Options and warrants are expiring. Since 6/1/10 1.1 million options have expired. Even better is the complete elimination of warrants. The prior q said they had 325 thousand warrants outstanding. During the present quarter 225 thousand expired and the balance of 100 thousand expired in March. No warrants remain.

What is on the books as potential options to be exercised through 2015 is something like 5.2 million if all exercised. I wish they could do some serious stock purchases at the current pps levels.

Opty