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Microcap & Penny Stocks : Patriot Scientific - PTSC
PTSC 0.5890.0%Jan 15 4:00 PM EST
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To: Frederic Herman who wrote (4108)12/31/1997 10:03:00 AM
From: J.S.  Read Replies (1) of 8581
 
One thing is for sure about Jon's posts. He repeats the same points
over and over. These points are not contested. The journalistic gloss
on these facts is the point of contention. As this is not a cut and
dried issue there is room for disagreement. He has made his points
and so have others. They are trivial issues even in the universe of
this small BB stock. Let's give it a rest.

As for his comments about the recent financing structure, he has
made some inaccurate statements some of which I have already pointed out.
We all make mistakes. As for me, I may have stated something which
suggested that a five day average was being used for PTSC's convertible debenture conversion price. It is in fact a 10 day average.

By next week Monday we should have about 10 days at the current bid
of about 65 cents. If the stock goes to a bid of about 50 cents
(Staff buy?) my guess is that the debenture holders are controlling
the stock. If the stock surges for January then maybe it was tax loss
selling that brought it way down despite all the positive news (if only counting the radar/antenna technology).

Would appreciate any firm information, especially a public one by the
company.

Hanging in there,
Joe
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