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 rosewood's message

Ever since the "bust" of the J3 settlement in or around 2008, I've been urging the shareholders to at least organize in order to get something done should the day ever arrive to take action. Unfortunately, each time such an effort was begun, we have heard from a group of members here who start taking about how it is actually we who are "the enemy" (my term), and how we want to engage in identity theft, short the stock, harm the Company, or, in various other ways, that we are "up to to no good". Well, here we sit, and, of course, the "spinners" were wrong, as always.

The point is that, IMO, for there to be any substantiall hope of getting the attention of any official agency , the shareholders will likely need to organize in much the same, yet somewhat more extensive, fashion that was undertaken with the "shareholder letters" in prior years. This would mean giving up a small bit of privacy (though certainly not any sensitive information such as account numbers, Social Security numbers, and so forth) in return for creating the clout that would make such an undertaking more likely to succeed.

I certainly admire Laurie's continued efforts, and, if people want to write individually to the SEC and/or other agencies, that is their prerogative. On the other hand, I think the "strength in numbers" approach described above may be more likely to get attention.

Best wishes to you and all.

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ronran
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12/13/2004
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Patriot Scientific
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