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sold all shares today, big loss, big lesson. Can't believe you still post on this board a lot.
I sold all from IRA account last week, 200k shares at a big loss. Have a bunch more in another account for even bigger loss, expensive lesson about penny stocks. On to cryptocurrencies...lol
Crickets...anyone listen to the call yesterday? Anything to report?
.0366 wow what a steal. Nice to see volume up.
During the three and nine months ended February 28, 2015, PDS entered into licensing agreements with third parties, pursuant to which PDS received proceeds of $1,800,000 and $1,820,000, respectively.
During the three and nine months ended February 28, 2014, PDS entered into licensing agreements with third parties, pursuant to which PDS received aggregate proceeds of $0 and $5,022,000, respectively.
...10k
On March 20, 2013, Technology Properties Limited, Inc. (“TPL”) filed a petition under Chapter 11 of the United States Bankruptcy Code. On July 18, 2014, TPL and the creditors’ committee announced that a term sheet serving as the basis for a Joint Plan of Reorganization (the “Joint Plan”) had been agreed to. The Joint Plan was confirmed by the Bankruptcy Court on February 11, 2015 with the entered confirmation order becoming final on April 2, 2015. The Joint Plan provides that the Effective Date will be the later of (i) the first business day that is at least 30 days after the entry of the confirmation order or (ii) the first Business Day on which the reorganized company has sufficient cash to make all payments required under the Plan on the Effective Date. We have been appointed to the creditors’ committee and have been closely monitoring the progress in this matter as it relates to our interest in PDS. In the event we are required to provide funding to PDS that is not reciprocated by TPL, our ownership percentage in PDS will increase and we will have a controlling financial interest in PDS, in which case, we will consolidate PDS in our consolidated financial statements.
PDS, our investment in affiliated company, relies on a combination of patents, trademarks, copyrights, trade secret laws, confidentiality procedures and licensing arrangements to protect our intellectual property rights. There are currently two unexpired U.S. patents issued dating back to 1998 on our microprocessor technology in addition to three European and two Japanese patents. The U.S. patents will expire in July and September 2015 and the European and Japanese patents will expire in 2016. There are also five U.S. patents, six European, and one Japanese patent all of which expired between August 2009 and August 19, 2014. These patents, while expired, may have certain retrospective statutory benefits that will fully diminish six years after the patent expiration date. The patent useful life for purposes of negotiating licenses is finite and these patents are subject to legal challenges, which in combination with the limited life, could adversely impact the stream of revenues. A successful challenge to the ownership of the technology or the proprietary nature of the intellectual property would materially damage business prospects. Any issued patent may be challenged and invalidated.
...10k
So if all of us here vote against in the proxies would we have enough to withhold the nominees? Or does Swartz and Lincoln hold enough share to override us?
I would be in interested, I can't private message but would you be willing to post?
The new proxies are here, the new proxies are here!
Time to buy more, going sub .05 soon. Imo
Selling now, please buy mine at .07 - need to fund ira
.07 -- Good close can we maintain it tomorrow? I'm surprised no mention here of agreement on ch11
Don't get to excited it was just me selling my shares, put in market order by accident. So forgetful lately.
Enough already, you are not convincing anyone.
I'm taking the advice of this board to move the share price and put in an order to buy at .049. Since we are going to 3 cents or is it 2? I'm sure someone will sell me their shares? I'm buying because PTSC is a joke of a company with a crooked BOD. Although the patents have been proven and there are 300 companies that have to pay millions and millions of dollars for infringing. However, we can't raise the price of a license because it's not worth anything because everyone is using a different technology now and the patents are expiring. I guess I will never see a return on my money since we are partnered with a bunch of low life scum lawyers that we let take advantage of us. Also, the BOD directors will take every penny of the money for themselves because they don't even own shares but can give themselves huge bonuses whenever they want.
Need to read the whole thing....
On January 9, 2015 PDS's cash balance was $1,686,784. Management's plans for the continued operation of PDS rely on the ability of PDS to obtain license agreements to cover its operational costs. PDS has experienced a decline in licensing revenues and has not obtained significant license revenues since September 2013 and it is unclear when any additional licensing revenues may be generated.
...since September 2013... meaning it does not include HTC
You are assuming a lot, for one that the money was received in this 10q, you don't know when the money was actually received. Two that the lawyers haven't been paid before hand or bill out monthly. Same goes for BOD, admin. Plus, where are you getting these percentages? Also, just because we got this amount for HTC doesn't mean we will not get more from others. We still have some other legal battles on this but for the most part companies need to start paying up and don't have a legal leg to stand on.
857000 will buy more if goes to .05
Math seems a little fuzzy, there would be other expenses that come out of that cash balance as well.
...but good post.
They still have about 300 companies that have to buy a license. It's not a question of if they make money but how much and what they do with it when they collect over the next 6 years. They (BOD) have talked of a dividend and in the past they have tried to invest in other companies but did very poorly. I would think we would see insider buying considering where we are.
Not too bad of a report, next one should be better, then great, then awesome. Expired patients this year will set the clock to 6 years to collect. Then what...
I'm needing a little help from someone that has some real numbers of what PTSC will get per settlement as a percentage.
Great, I'm all for it going up to the moon. I have just been fooled too many times to believe it. Unfortunately, most are waiting for the run up so they can dump it.
This run looks done without any numbers or additional PR's.
I had purchased some at .05 the other day and just sold them for .055. I was surprised how long it took to buy 41000 shares but only took seconds to sell them. So I agree there are buyers more than sellers. I will take my 9% in one day and hope for a better Monday.
For anyone that might be actually following your advice let it be known the amount of the final settlement or amount actually coming to PTSC is NOT known. We just know it was awarded by the jury at $959,000 based off a number from Apple license. However, I believe this is in dispute.
PTSC who wants to pump this stock up for me? Oh yeah it's a legit company and just got confirmation of a $959,000 settlement (could be larger). Just one of 300 more companies that need to pay license fees. Should go to .08 this week, 20's by end of month.
CARLSBAD, Calif. , Jan. 8, 2015 /PRNewswire/ -- Patriot Scientific Corporation (OTCQB: PTSC) announced today that it has settled all outstanding litigation with HTC Corporation.
Previously in litigation before the United States District Court for the Northern District of California, HTC was found to infringe multiple claims within Patriot's US 5,809,336 patent. Subsequently HTC appealed the jury verdict with Patriot filing its own cross appeals.
The '336 patent is one of several patents that are part of a larger portfolio held by Patriot, known as the Moore Microprocessor Patent (MMP) Portfolio™. In addition to the jury verdict over HTC in U.S. District Court, the MMP Portfolio has survived seventeen re-examination challenges before the United States Patent and Trademark Office. Currently there are additional proceedings in U.S. District Court, alleging infringement of the MMP Portfolio™ against Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., and ZTE Corporation.
"We see this as yet another vindication for the '336 patent and should serve as a signal to the marketplace that infringers of the MMP Portfolio will be held accountable," stated Cliff Flowers, Patriot's Interim Chief Executive Officer. "We believe the MMP Portfolio™ has near universal applicability in microprocessor design and companies utilizing this technology should take note of our successes at the USPTO and in court."
About Patriot Scientific Corporation(PTSC)
Headquartered in Carlsbad, California, Patriot Scientific Corporation(PTSC) is the co-owner of the Moore Microprocessor Patent Portfolio™. For more information on PTSC, visit www.ptsc.com.
About the MMP Portfolio™
The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's(PTSC) intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that current and additional licensing agents may not be successful in generating licensing revenues or in implementing the MMP licensing program, the risk that the recently filed actions and litigation strategy may not be successful, and the risks and uncertainties relating to the future of our MMP joint-venture. It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, patent litigation, technical development risks, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended May 31, 2014 and the quarterly report on Form 10-Q for the period ended August 31, 2014. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation(PTSC) disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.
Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700
CARLSBAD, Calif. , Jan. 8, 2015 /PRNewswire/ -- Patriot Scientific Corporation (OTCQB: PTSC) announced today that it has settled all outstanding litigation with HTC Corporation.
Previously in litigation before the United States District Court for the Northern District of California, HTC was found to infringe multiple claims within Patriot's US 5,809,336 patent. Subsequently HTC appealed the jury verdict with Patriot filing its own cross appeals.
The '336 patent is one of several patents that are part of a larger portfolio held by Patriot, known as the Moore Microprocessor Patent (MMP) Portfolio™. In addition to the jury verdict over HTC in U.S. District Court, the MMP Portfolio has survived seventeen re-examination challenges before the United States Patent and Trademark Office. Currently there are additional proceedings in U.S. District Court, alleging infringement of the MMP Portfolio™ against Barnes & Noble Inc., Garmin Ltd., Huawei Technologies Co. Ltd., LG Electronics, Nintendo Co. Ltd., Novatel Wireless Inc., Samsung Electronics Co. Ltd., and ZTE Corporation.
"We see this as yet another vindication for the '336 patent and should serve as a signal to the marketplace that infringers of the MMP Portfolio will be held accountable," stated Cliff Flowers, Patriot's Interim Chief Executive Officer. "We believe the MMP Portfolio™ has near universal applicability in microprocessor design and companies utilizing this technology should take note of our successes at the USPTO and in court."
About Patriot Scientific Corporation(PTSC)
Headquartered in Carlsbad, California, Patriot Scientific Corporation(PTSC) is the co-owner of the Moore Microprocessor Patent Portfolio™. For more information on PTSC, visit www.ptsc.com.
About the MMP Portfolio™
The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's(PTSC) intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that current and additional licensing agents may not be successful in generating licensing revenues or in implementing the MMP licensing program, the risk that the recently filed actions and litigation strategy may not be successful, and the risks and uncertainties relating to the future of our MMP joint-venture. It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, patent litigation, technical development risks, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended May 31, 2014 and the quarterly report on Form 10-Q for the period ended August 31, 2014. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation(PTSC) disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.
Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700
It's almost like you're stating HTC won the case, which we know they didn't. Where do you see they have the upper hand not to have to get a license. Maybe a settlement? Your not making sense and not a stockholder either if I remember correctly. However, you did say you could always get in if things go right. Well that time is now, what are you going to do? Maybe you should just stop following this company because it's go time.
So either ptsc proved their case about all of htc's products and settled or we have another fight. If the later then we should see another lawsuit. This makes me believe it includes all products and we may see pr on license deal with them in the next week or so. I will buy more on today's dip.
The press release I read had, "James Otterson, stated tha the trial's damages only covered HTC products through 2011, although Patriot believes HTC's latest devices infringe as well."
I assume it's every product that infringed not all products they have.
The ruling was for everything up to 2011 (not 2012 going forward) but agree the settlement may have been for all products. We will not know until 10Q on 2/27/2015 or May?
I haven't seen any hard evidence of what % of $960,000 (more or less) goes to PDS. Plus, doesn't TPL owe some money to PDS we should get the lions share of this.
I started thinking about this a little more and I'm thinking we may have gotten a little more than what the jury decided on. I believe this because if we appeal the amount and can back up our claims and considering how we got jacked by low licensing fees, the judge may have looked at all the numbers and said, okay the jury said 970,000 PTSC says they should get at least 2 million how about we meet somewhere in between. Not worth the hassle for a 1.4 million settlement and could set precedence to future licenses.
So even at $970,000 for 100 companies (out of 300 left) and we get what % of that (35%)??? Gets us to .25 a share.
They can only get so much out of each company, unfortunately not as much anyone hoped for. Hopefully they settled on all htc's products. Call this a win and move on to the next companies. Not great news but not bad news. A win is better than a loss but desperate for cash you are probably right on that one. Bird in hand..., if this gets us back on the licensing train I'm not getting off. When do we get to find out how much we got? Next quarterly report in???
Why would you want to help people you don't even know? You bash so you can buy is my belief, unless you can give some other motive on doing so.
It's really hard for us low information shareholders to figure out which of these opposite views is right. With the share price up on low volume it just sounds like another pacer release getting a few people excited that we have some actual progress in this (not sure how to describe PTSC) company. Every big scam/post has just enough truth in it to get the mark (me) to believe. Since I'm the self proclaimed biggest bag holder of this stock, that still believes that the patents are valid and will bring some money to the company and profit to us shareholders, I'm holding my large portion. I do know that when it comes to millions falling from the money tree the number of people under it explodes. I'm just hoping to get to even. I like the 20 to 50 cents comments but don't believe we will get there. I'm hope we get back to .08 based on present cases getting resolved. Then up from there with each signing. I think it will be a good year and getting in under .04 will be do able.
...all IMO.
This being said, I don't get why you would own shares and if you don't why are you on this board?
I like the sharing too but we can all save the opinions, which is my opinion-lol. Courts are painfully slow and Supreme Court will never hear this one, it would choose a bigger fish fight (like Apple/Samsung for example) to set precedence.
Never...Not sure what precedence was being referred too (I think it was your earlier post)?
Thursday, October 2, 2014
FOR THE NORTHERN DISTRICT OF CALIFORNIA
U.S. Courthouse and Federal Bldg.
280 S 1st Street
San Jose Courtroom 3099 San Jose, CA 95113
3:00 PM 13-51589 Ch 11
Technology Properties Limited LLC
Moving: Robert G. Harris
Opposing: Robert A. Franklin
a) Hearing re Disclosure Statement by Debtor *TO BE FILED BY 9/15
b) Hearing re Disclosure Statement Filed by Charles Moore (520)
c) Status Conference (10) (Last MOR 6/14) & Stipulated Ex Parte Application to Modify Deadlines (514)
d) Motion to Appoint Chapter 11 Trustee and to Remove Debtor in Possession Filed by Charles H. Moore (525)
Honorable Stephen L. Johnson
Current as of 9/16/2014 at 2:40 PM