Conversion Solutions Holdings (fka CSHD)

[rbtree]

Compare Rufus to Mr. Pohl, CEO of PTSCE, a 100% proven legit OTCBB company. Here's an excerpt of a recent interview with Mr. Pohl. Note the discretion and caution that Pohl uses.

http://www.investorshub.com/boards/read_msg.asp?message_id=13795333
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TWST: How much cash do you have now and how rapidly are you burning it?

Mr. Pohl: At the present time, we are just about to the point of filing a 10-KSB, which is due around October 13, and our first quarter 10-Q is to be filed a few days after that.. I don’t think it would be useful for me to speak of stale information as of our last quarterly filing as of the end of February. You know the restrictions that we face in being a publicly held company. Our current cash position will soon be revealed in our public filings.

TWST: The company has five people at the present time. Would you tell us about the backgrounds and expertise of several of those five people, yourself included?

Mr. Pohl: I am an experienced business lawyer and have been on the Board of Directors of Patriot Scientific since 2001. In addition to myself, we are pleased to have other Board members who contribute almost on a daily basis to the progress and growth of the company. One of our Directors is an experienced CPA, Gloria Felcyn, who serves as the Chairman of our Audit Committee. Another Director is an attorney, Carlton Johnson, who is quite experienced in legal matters. He helps us tremendously in that arena. We have, in the past year, added James Turley to our Board. Jim is a recognized industry authority on microprocessors and intellectual property, and so he is providing very valuable input in that regard. And then we also have Dr. Helmut Falk, who is an anesthesiologist, and who contributes concerned business and shareholder input as the son of the Founder of the company. That is our Board of Directors. In addition to myself as the Chairman and CEO, our CFO is Tom Sweeney. Tom is a CPA with a background in dealing with companies that are of an entrepreneurial nature and publicly held companies that have experienced rapid growth in the past. In addition to Tom and myself being here in the office as executives on a daily basis, we have a very good controller and two other assistants.

TWST: Do you expect to add some people as the company becomes more successful?

Mr. Pohl: Absolutely, we look forward to that. At the same time, we favor operating on a lean and mean basis, and that is the way that we are able to function very effectively. My objective has always been to minimize investments of the company in bricks and mortar and to focus more on the revenue, particularly recurring revenue.

TWST: What occupies your own attention most on a day-by-day basis?

Mr. Pohl: Certainly, attention to closely following the activities of the licensing strategy that we are pursuing in addition to a myriad of managerial activities associated with being the CEO of a small team running a public company with a large number of shareholders. Being a publicly held company, one of the things that I find very interesting these days are the challenges that go with operating a company in the era of Internet message boards. When you have a small company, a small staff such as ours, and a very large widespread shareholder group (as I indicated earlier, it’s probably around 16,000 in number), there are lots of ongoing promotional and investor relations duties that fall on the CEO’s desk in a situation of this sort, in addition to the daily tasks related to running a business.

TWST: What would be the two or three best reasons for a long-term investor to take a very good look at Patriot Scientific?

Mr. Pohl: First of all, the value and strength of the patent portfolio. If one considers simply the fact that we’ve put over 300 companies on notice so far, you can speculate that there are probably several hundred more companies that might be added to the list in the future. So the potential for licensing revenues is tremendous. One could do some calculations on their own as far as picking a hypothetical average revenue stream per individual license and then multiplying that by the number of licenses they expect to see the company have. In doing so, one can come up with some interesting numbers of projected future revenue. As we accumulate that revenue, investors can look at two things. Number one is that since we are a company that has a stock that is currently trading at a price in the range of near $0.80 a share and a market cap of almost $300 million, we should have tremendous prospects for appreciation in the value of the shares. In addition to that, because of the activities that I have described in the revenue stream, the potential for dividends along with the appreciation are great.

TWST: Would you give us some hypothesis about this potential revenue stream?

Mr. Pohl: At this point, it is a subject I would love to be able to talk about, but we are not in a position right now to be able to give much guidance. As I said, the best way to do it is to take the number of potential licensing candidates that are out there, and multiply that number by a projected average dollar amount per license. You come up with some pretty impressive prospects for what the projected revenue of this company can be on a one-year or a five-year basis. Our patents are good through the year 2015. So there is a tremendous future ahead for this company.

TWST: You said that you would shortly have more freedom regarding what you could say.

Mr. Pohl: That is because we will be filing our 10-K information, which will be for our fiscal year end that was May 31, 2006. Then shortly after that, we will be announcing our first quarter information. And in the first quarter of this year, five additional licenses were signed.>