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

To: Urlman who wrote (4772)	4/15/1998 10:03:00 AM
From: sdr	Respond to of 8581

GUYS, Why don't you call PB at PTSC - seems better than - chasing your own tail - G

To: Urlman who wrote (4772)	4/15/1998 5:07:00 PM
From: J.S.	Read Replies (3) \| Respond to of 8581

Urlman, Page 14 says nothing really new. The only real news in this document concerns the state of the convertibles. THIS IS WHAT IS KEEPING THE STOCK PRICE DOWN just like I predicted. Bad News: Mr. Norris keeps insisting that the debenture holders are in for the long haul and will not convert. Since he last spoke at least a million more shares have been converted. It has caused significant dilution and will continue to do so. His information is, unfortunately, as unreliable as ever. Good news: It looks like there remains less than a million dollars to be converted. It is in Patriot's best interest now to issue 8-K's updating the status of conversions. This countdown will help the stock price, accelerate the conversion process, and reduce the dilution. Floorless convertible debentures are like a neon sign saying "BOGUS INC". Once they rid themselves of this yoke, they can be taken seriously by the investment community let alone the semiconductor industry. Joe P.S. The 10k shows that Patriot didn't even need much of the money raised by the convertibles (working capital is 1.5M with at least two million + annual contracts current). There were other ways to raise money through secondary offerings other than this unethical and soon to be heavily restricted scheme.