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Re: ronle post# 1019

Friday, 10/28/2005 7:00:57 PM

Friday, October 28, 2005 7:00:57 PM

Post# of 23266
"The Board and Executive Committee at Patriot Scientific have an obligation to preserve our investors' assets, and we cannot meet this fiduciary responsibility while caving in to these unreasonable demands for unearned and unjustifiable compensation."

All shareholders in favor of removing Lowell Gifforn from the Board of Directors say "aye!"

"Giffhorn, who had served as CFO for more than five years - a period in which the now-profitable Patriot[/u/ had consistently lost millions of dollars per year- filed a formal demand in late September for an award of $1.5 million in severance payments through the American Arbitration Association."

An unusual week of press releases re PTSC & TPL, which was not new to shareholders previously, followed by PTSC and TPL's updated website design/news is very interesting.....

News re SNE settlement OR new license agreement with another company to follow soon ???

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