Patriot Scientific

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

With the proposed Rule 14a-11 the subject of a court ruling it is not yet in force, and even it it was, PTSC with a Market Cap on the relevant dates of under $75 million would be exempt for three years.

This leaves the existing Rule 14a-8, which allows management to exclude a proposal if it “relates to a nomination or an election for membership on the company’s board of directors"

I therefore stand by my original statement that any talk of nomination for the next meeting falsely raises expectations. Under either Rule, it will be at least three years before a shareholder nomination is viable.

Please have the last word and prove the above facts wrong.

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Be well

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08/04/2005
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Patriot Scientific
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