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 mikesmark's message

GreenArrays, Inc. has nothing to do with any of this. We do not receive any funds from patent licensing, either directly or indirectly. All of our funds have come from legitimate loans and sale of stock in addition to sales of tangible products we have created and of services assisting in the use of those products. Unlike an LLC with a single Member, GreenArrays is a C corporation managed by statutory officers reporting to a Board of Directors which reports to a fair number of stockholders. Chuck Moore is the chairman of our Board but our company is not involved in his dealings with Leckrone, TPL, Alliacense, PDS, PTSC, Dominion, or this new LLC. Even if Chuck wished to involve our company in all of that, he does not, in a C corporation, have the unilateral authority to do so.

It is true that GreenArrays was involved with some of these players for a while, but only because TPL forced us to do so by suing us as a cross defendant in Chuck's lawsuit. That matter has been settled for three and a half years now. Our involvement in the TPL BK was simply as a potential creditor because at the time the BK was filed the terms of the settlement had not yet been fully satisfied. It is also true that several of our people traveled to San Jose to attend a hearing in the TPL BK, but this was only because Chuck's lawyer had requested our support, and that won't likely be repeated.

Please, folks, cease speculating that GreenArrays is somehow involved when events in the saga of PTSC play out. We are in a completely different business, that of designing and selling microcomputer chips, than are any of these entities, and we neither wish nor plan for it to be otherwise.

As usual, I post this only because search engines lead people researching our company to Agoracom threads mentioning us and I have a duty to ensure that the information posted here regarding our company is accurate.

Best wishes to you all!

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GregBailey
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