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Re: greeneyes1116 post# 20136

Tuesday, 04/15/2014 12:25:34 PM

Tuesday, April 15, 2014 12:25:34 PM

Post# of 23258
I just do not see any near term positives for share price appreciation. When I read the below in the 10Q out yesterday it seems even our patent lawyer, Jim Otteson, does not see a near term return if he is threatening to drop us if he does not get paid up front. That info is on the bottom of page 23 top of page 24. This to me explains the low share price and not some nefarious manipulation. It seems clear to me why the stock is at 5c. Maybe a rabbit gets pulled out of the hat but that is a stretch in the near term:

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687-14-001373.txt&FilePath=\2014\04\14\&CoName=PATRIOT+SCIENTIFIC+CORP&FormType=10-Q&RcvdDate=4%2F14%2F2014&pdf=

"On April 4, 2014, we were notified of the resignation of TPL's representative to the PDS management committee, and the concurrent appointment by TPL of its new representative to PDS. While we are hopeful that this may relieve some of the decision deadlock at PDS, the impact of this action has yet to be determined.

Further frustrating management's plans for the continued operation of PDS, PDS has been notified by its current patent counsel that they are no longer able to work on a contingency basis. PDS and its current patent counsel are currently discussing alternative, hybrid hourly/contingency fee arrangements. While it is unclear whether PDS will come to an agreement with its current patent litigation counsel, it is reasonably likely that PDS' legal fees will materially increase in the future. Additionally, a significant delay in revising the terms of PDS' engagement of its current patent counsel or in engaging new counsel could result in material delays in the underlying litigation and delays in receiving any judgments resulting therefrom, if any.
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