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 11 years ago

in response to MagBeach's message

SOME FOLKS FEAL THAT OUR BOARD MEMBERS ARE OVERPAID...My point is not to showcase this particular stock..but to provide insight into what another penny stock can do in terms of philosophy..and how it should be run..

Here is what this company did..

Question: When will VIASPACE be profitable?

Answer: Dr. Schewe responded, "This Company has never been run leaner than its current overhead structure. Both our CEO and CFO took one-third salary pay-cuts on October 1, 2012 when VIASPACE became a stand-alone company. I personally have not drawn a salary for all the work that I have done for the Company. Our other employees work as independent contractors and we rigorously control those costs. All that said, given the number and significance of the deals in our pipeline, I personally believe that we can achieve profitability in 2014."