Patriot Scientific der Highflyer 2006
Letter to Shareholders from Patriot Scientific Board of Directors
To Shareholders of Patriot Scientific Corporation . . . .
As we start a new year, we want to share with you our optimistic outlook for what lies ahead for Patriot and our shareholders. Calendar year 2007 ended with a flurry of welcome activity on the licensing and litigation fronts, and 2008 started off on a positive note as TPL signed another MMP patent portfolio licensee in the very first week of the new year.
For the past 2+ years, Patriot has enjoyed profitability due primarily to the licensing revenue produced by the successful efforts of our licensing partner, The TPL Group. As a result, we are in a very good position financially. During this time period, Patriot has paid three cash dividends to our shareholders, we have substantial cash in the bank, we have no significant debt, all major litigation has been resolved, and our books and records are SOX-compliant. In other words, our shareholders can take pride in the fact that Patriot is clean as a whistle.
In 2007, TPL brought in 20 new licensees, bringing the total licenses to Patriot through our licensing joint venture to 34. Humax of Korea and Psion of the UK became our first licensees in 2008, following a busy 2007 year end that brought in four licenses in 10 days. Through the continuing efforts of our aggressive licensing partner, we expect to welcome more companies into the prestigious group of MMP licensees .
2008 finds us in a better position to build a dynamic and exciting future for Patriot and it is our intent to do that. Our M&A search activity is being expanded by our having initiated efforts to engage an investment banking firm to help introduce us to candidate companies. We have already looked at a number of companies and are cautiously evaluating financial information. The range of companies we have looked at and will continue to focus on includes some in various areas of technology, early-stage investment, companies with established business operations, and interesting business units that offer opportunity for growth and profitability.
In July, 2007, we advised you of pending federal legislation regarding the 2007 Patent Reform bill, which we believe if passed would negatively impact the future success of our licensing program. TPL has devoted an enormous amount of time to this issue and has prepared very valuable information, which is posted on their website. We encourage everyone to view and consider the information on TPL's website at http://www.tplgroup.net/legislation. You can help by writing to your Senators and Congressional Representatives sooner rather than later, as time is of the essence. We are attaching a copy of TPL's suggested letter for your reference if you wish to write a letter about this important legislation.
We have once again considered the matter of dividends according to the dividend policy announced last year by our Board of Directors, and we have currently decided that now is not the right time to pay out a dividend. It is the Board's opinion that Patriot's cash and the interests of our shareholders are better served by finding the right M&A acquisition and growing the company. As licenses continue to grow in number, we expect to continue to revisit the matter of dividend payouts. It will always be the intent and policy of this management and Board to utilize Patriot's funds responsibly with the best interests of our shareholders in mind. When we believe it to be a prudent use of corporate funds to pay a dividend to reward our shareholders, we will definitely do so.
The Company is currently unable to repurchase Patriot shares in the market at this time due to the same blackout period that currently prevents insiders from stock transactions, but we previously engaged in a share buy-back program until the last quarter of 2007. Both the buy-back and dividends were significant because, to our knowledge, no other bulletin board companies have ever taken such actions.
We certainly share the frustration expressed by many of our shareholders regarding the share price of our common stock. Management and the Board of Patriot feel that Patriot stock is currently undervalued, and we hope that our activities in the near future will lead to increased investor confidence that will be reflected in a higher share price.
Shareholders will soon be receiving 2007 Form 1099-DIV for the dividends paid by Patriot in 2007. This form will be sent to you either from your brokerage firm or directly from our transfer agent, Interwest Transfer Co. The forms have been reviewed carefully at Patriot and reflect accurately the taxable character of the reporting for 2007.
In closing, we would like to add a note of reassurance to those shareholders who noted that no press release was issued for the 10Q recently filed. Although no press release was issued during the flurry of other activity that was going on at the time, we want to assure you that in the future we will make sure that Patriot issues a press release on all of our SEC 10K and 10Q filings.
We appreciate your continued support,
The Executive Committee, Board of Directors
To Shareholders of Patriot Scientific Corporation . . . .
As we start a new year, we want to share with you our optimistic outlook for what lies ahead for Patriot and our shareholders. Calendar year 2007 ended with a flurry of welcome activity on the licensing and litigation fronts, and 2008 started off on a positive note as TPL signed another MMP patent portfolio licensee in the very first week of the new year.
· For the past 2+ years, Patriot has enjoyed profitability due primarily to the licensing revenue produced by the successful efforts of our licensing partner, The TPL Group. As a result, we are in a very good position financially. During this time period, Patriot has paid three cash dividends to our shareholders, we have substantial cash in the bank, we have no significant debt, all major litigation has been resolved, and our books and records are SOX-compliant. In other words, our shareholders can take pride in the fact that Patriot is clean as a whistle.
· In 2007, TPL brought in 20 new licensees, bringing the total licenses to Patriot through our licensing joint venture to 34. Humax of Korea and Psion of the UK became our first licensees in 2008, following a busy 2007 year end that brought in four licenses in 10 days. Through the continuing efforts of our aggressive licensing partner, we expect to welcome more companies into the prestigious group of MMP licensees .
· 2008 finds us in a better position to build a dynamic and exciting future for Patriot and it is our intent to do that. Our M&A search activity is being expanded by our having initiated efforts to engage an investment banking firm to help introduce us to candidate companies. We have already looked at a number of companies and are cautiously evaluating financial information. The range of companies we have looked at and will continue to focus on includes some in various areas of technology, early-stage investment, companies with established business operations, and interesting business units that offer opportunity for growth and profitability.
· In July, 2007, we advised you of pending federal legislation regarding the 2007 Patent Reform bill, which we believe if passed would negatively impact the future success of our licensing program. TPL has devoted an enormous amount of time to this issue and has prepared very valuable information, which is posted on their website. We encourage everyone to view and consider the information on TPL’s website at http://www.tplgroup.net/legislation. You can help by writing to your Senators and Congressional Representatives sooner rather than later, as time is of the essence. We are attaching a copy of TPL’s suggested letter for your reference if you wish to write a letter about this important legislation.
· We have once again considered the matter of dividends according to the dividend policy announced last year by our Board of Directors, and we have currently decided that now is not the right time to pay out a dividend. It is the Board’s opinion that Patriot’s cash and the interests of our shareholders are better served by finding the right M&A acquisition and growing the company. As licenses continue to grow in number, we expect to continue to revisit the matter of dividend payouts. It will always be the intent and policy of this management and Board to utilize Patriot’s funds responsibly with the best interests of our shareholders in mind. When we believe it to be a prudent use of corporate funds to pay a dividend to reward our shareholders, we will definitely do so.
· The Company is currently unable to repurchase Patriot shares in the market at this time due to the same blackout period that currently prevents insiders from stock transactions, but we previously engaged in a share buy-back program until the last quarter of 2007. Both the buy-back and dividends were significant because, to our knowledge, no other bulletin board companies have ever taken such actions.
· We certainly share the frustration expressed by many of our shareholders regarding the share price of our common stock. Management and the Board of Patriot feel that Patriot stock is currently undervalued, and we hope that our activities in the near future will lead to increased investor confidence that will be reflected in a higher share price.
· Shareholders will soon be receiving 2007 Form 1099-DIV for the dividends paid by Patriot in 2007. This form will be sent to you either from your brokerage firm or directly from our transfer agent, Interwest Transfer Co. The forms have been reviewed carefully at Patriot and reflect accurately the taxable character of the reporting for 2007.
· In closing, we would like to add a note of reassurance to those shareholders who noted that no press release was issued for the 10Q recently filed. Although no press release was issued during the flurry of other activity that was going on at the time, we want to assure you that in the future we will make sure that Patriot issues a press release on all of our SEC 10K and 10Q filings.
We appreciate your continued support,
The Executive Committee, Board of Directors
Nichts aber auch gar nichts was wirklich unter den Nägeln brennt.
Im Gegenteil ich stell mir sogar noch die Frage wieso der SHL nicht von Turley sondern vom "Board of Directors" kommt.
Naja aber vielleicht hören wir ja die Tage positiv von der USPTO, gemischt ein neuen Lizenzmeldungen-------könnte den Kurs mal wieder ein bischen Auftrieb geben.
ASuf alle Fälle heißt es weiterhin warten warten warten ....
CJ
hier die für mich wichtigen infos :
"The range of companies we have looked at and will continue to focus on includes some in various areas of technology, early-stage investment, companies with established business operations, and interesting business units that offer opportunity for growth and profitability"
!we have currently decided that now is not the right time to pay out a dividend. It is the Board’s opinion that Patriot’s cash and the interests of our shareholders are better served by finding the right M&A acquisition and growing the company"
"and we hope that our activities in the near future will lead to increased investor confidence that will be reflected in a higher share price"
die infos sind doch erstmal aussagekräftig ...
wir können nicht shares zurückkaufen wie wir wollen ...
wir werden keine div zahlen ....
wir werden in naher zukunft alles machen dass ....
wir wollen firmen/firma dazukaufen...
dass dies keine entschlüsselung des bibelcodes ist ...ist doch klar ...
was willst du denn hören .....
das einzige, was ich nicht richtig verstehe ist dies :
In July, 2007, we advised you of pending federal legislation regarding the 2007 Patent Reform bill, which we believe if passed would negatively impact the future success of our licensing program. TPL has devoted an enormous amount of time to this issue and has prepared very valuable information, which is posted on their website. We encourage everyone to view and consider the information on TPL’s website at http://www.tplgroup.net/legislation. You can help by writing to your Senators and Congressional Representatives sooner rather than later, as time is of the essence. We are attaching a copy of TPL’s suggested letter for your reference if you wish to write a letter about this important legislation.
kann mir das jemand mal kurz übersetzen ....
danke vorab....
So in etwa, na ja alles viel Bla. Aber ich stimme Jack zu, nichts Neues.
Bis kurz vor den Zahlen wird nicht viel laufen. Gut für mich, meine Order hängt immernoch im System...
Grüße Abenteurer
was ich nicht ganz verstehe ist, ob die betroffenen patente, mit denen ja sozusagen geld verdient werden soll und wird, hiervon ausgenommen sind oder nicht.
d.h. --> wird unter berücksichtigung vergangener rechte, mit diesen patenten, wenn bestätigt, geld verdient werden können oder nicht ... zumindest für die vergangenheit...
was ich nicht ganz verstehe ist, ob die betroffenen patente, mit denen ja sozusagen geld verdient werden soll und wird, hiervon ausgenommen sind oder nicht.
d.h. --> wird unter berücksichtigung vergangener rechte, mit diesen patenten, wenn bestätigt, geld verdient werden können oder nicht ... zumindest für die vergangenheit...
Würde mich jedenfalls wundern, wenn da jemand Hand an die goldene Kuh legt.
Grüße Abenteurer
Ich habe mal versucht, mir die Besitzverhältnisse optisch klarzumachen:
Quelle: http://www.agoracom.com/ir/patriot/messages/714313#message
Angehängte Grafik:
bild_01.jpg (verkleinert auf 68%)
bild_01.jpg (verkleinert auf 68%)
http://ifoundapeanut.blogspot.com/2008/01/...is-mccain-target-of.html
Meanwhile, Toor is trying to drum up media attention for his staged event tomorrow in Washington, D.C. Toor is CEO of Attention Group, which will hustle you up whatever you need. Among the clients listed: "Carnival Cruise Lines, Ericsson, Motorola, Rent.com, an eBay company, Blimpie, Avalara, Aegis Communications Group, Patriot Scientific, Wolff System Technology, YMCA, Giant International, Web MD."
http://www.attentiongroup.com/
Dann findet man auf "about us"
Our clients are established corporations as well as start-up companies. We represent clients in industries of all kinds including Automotive, Banking/Finance, Commercial Real Estate, Computer, Consumer Electronics, Entertainment, Financial, Healthcare, Hospitality/Tourism, Manufacturing. Software, Telecom and Transportation. Among them have been and are some of the most recognizable names in the business including Carnival Cruise Lines, Ericsson, Motorola, Rent.com, an eBay company, Blimpie, Avalara, Aegis Communications Group, Patriot Scientific, Wolff System Technology, YMCA, Giant International, Web MD, and many others.
Endlich mal wieder ein Lebenszeichen.
Optionen
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Wertpapier: Patriot Scientific |
22 5-Feb-08 Tokyo Electron
13 17-Jan-08 Psion
15 4-Jan-08 Humax Corp
2 21-Dec-07 Verigy
0 20-Dec-07 JVC
0 20-Dec-07 Matsushita (Panasonic)
0 20-Dec-07 Toshiba
8 20-Dec-07 NEC Elec Am
3 10-Dec-07 Alpine elect
1 7-Dec-07 Lite-on
3 6-Dec-07 WMS Gaming
16 3-Dec-07 Daewoo Elect
Die Ruhe hier zur Zeit gefällt mir, keine Panik in die eine oder andere Richtung, schlichtes Desinteresse.
Es bleibt spannend, Grüße Abenteurer
Das wird erst passieren, wenn es von PTSC mehr Transparenz gibt und die Patente bestätigt sind.
Bis dahin wird man noch günstig nachlegen können.
Optionen
| Boardmail an "Matzelbub" |
Wertpapier: Patriot Scientific |