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 Mike4321's message

Mike I unremoved your post so that I could respond to it.

Regarding PTSC failure to seek a third member of PDS you said:

In all fairness, there was no way to deal with DL. DL would never agree to a non bias third member to the PDS board. Negotiating with DL on something like that would last forever.

While it may be true that DL would never agree to a non biased third member, you are dead wrong in your statement that PTSC had no way to deal with DL. There has always been a provision in the PNewco Operating Agreement whereby Aribration could be used to appoint the third member. DL even commented on this provision in his Disclosure statement and wondered why Johnson never pursued this.

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

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l2007s
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