Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.
2
in response to wolfpackvoltare's message

WIP requires expense. My question to PDSG, and implicitly to the PTSC BOD, would be "At what point in time do you calculate that LDSG cumulative net income (receipts less costs including receivables, loans etc) will turn positive, i.e. your cumulative net profit turns positive, as does cash-flow?

Unfortunately my guess is that "shutting the doors" would lead to litigation for non-delivery of contracted services and deliverables, which is why they need to find a buyer. Maybe if the original owners (or a management buy-out) took it back, including assets and liabilities, for $1 everyone could breathe a bit more freely.

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shboomer
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