Patriot Scientific

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

There may be a creative solution to getting Lecky out of the picture.

What if the BOD issued (pick a random number) 50,000,000 free shares (I know it means some dilution) to Lecky for his stake in the game. We then gain 100% control of the process and Lecky now has a vested interest for the share price to move higher. The net cost to PTSC would be about $7.5 Million, assuming a $.15 share price. It may end up being a small price to pay for removing this cancer tumor.

Again, I am just offering up a solution but I am sure that there are 100 other options and many of you will have your own thoughts.

Trouble is, Cliff has little incentive to move the share price higher because the POS doesn't own any sizeable amount of shares and jsut lives off of his fat comp plan.

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enoughalready
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Treasurer
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1517
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Date Joined
08/23/2012
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Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
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401,392,948
Industry
Technology & Medical
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