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

in response to lambertslunatics's message

It would appear that you are correct with respect to Nielson still being a TPL employee while working for PDS. The way the MA is written, I do not see any exclusion/limitation as to where the independent manager is employed. Agree, PDS was not a full time gig for any of the managers.

But this litigation with TPL is most probably about his employment contract with TPL. Wouldn't you agree with that? Given what we know about TPL's finances at the end of 2009 going into 2010, TPL probably claimed or actually did not have the money to keep Nielson on board and gave notice to him. And if TPL didn't have the money, then what good is the employment contract? (I'm thinking similar to the Chet Brown case where he claimed that TPL cheated him on his employment contract). But why wait so long to file? That is what I was trying to speculate on.

Opty