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 l2007s's message
"Any ideas as to why Johson never pursued Patriot's right to Arbitration to appoint the third member of PDS?"

When asked at a SHAM, the response was along the lines that things were fine as they were without the tihird member and he felt we didn't need one.

To my mind that indicates a long period of utter negligence and of contempt for the structure of PDS to the ultimate cost of PTSC shareholders. The call for abritration with TPL now is a CYA attempt probably under some pressure. Gloria and Cliff are equally at fault because they should have voted 2:1 to either instruct CJ to start the arbitration when it was required or to replace CJ as the paid company PTSC representative to PDS.
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shboomer
City
near Los Angeles
Rank
Treasurer
Activity Points
4984
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Date Joined
10/23/2007
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Patriot Scientific
Symbol
PTSC
Exchange
OTCBB
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401,392,948
Industry
Technology & Medical
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