Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Patriot Scientific - PTSC -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (4667)	4/2/1998 10:14:00 PM
From: J.S.	Read Replies (1) \| Respond to of 8581

Bob, I am reacting to the last "conference call" where a rosy picture was painted with contract just around the corner. Now we have rumour after rumour about contracts. The stock is stuck at .90-1.00 and does not move on relatively large volume. Despite all indications to the contrary and my protestations, the shills insisted "no there have been no convergence". "call the company". Then suddenly Woody announces $1M has been converted. He adds that the deb holders will not convert for a while. The problem was that they can convert at a bigger discount and had to cool their jets lest the stock price completely vanish. Nick from Computerwire has reported that they have indicated pending sales every time he talks to them. smallcase bob says that "they may get a small contract but don't expect the stock to break much past the dollar mark". How does he know this? Is this what the debenture holders and the company have agreed to? Then we have Beachcomber with his rumours of HUGE contracts and then we have his last cryptic message (Don't take offense BC, you have acted marvelously on this thread -- all the world is a stage and we are mere actors...). Benny A. then chimes in with another teaser!! The CEO resigns (hardly a good sign)! Now instead of talking about tangible contracts, we are back to the Java potential. A "Java processor" is certainly not necessary, (although in many cases it may be optimal) , but moreover, the clock is ticking and Patriot is quickly losing its edge. I don't see TCI, which is treating its contract dollars as the holy grail, going with Shboom unless Patriot teams up with a big player. Nonetheless, this kind of talk takes us back at least where we were a year ago. It is depressing that all we can do is speculate. My point is that the drama is reaching its climax. The plot can't afford more twists lest a frustrated audience leave in disgust. My fervent hope is that someone will pooh-pooh all that I have written above with some solid news!