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

To: Dave Swanson who wrote (4778)	4/15/1998 7:31:00 PM
From: sdr	Read Replies (1) \| Respond to of 8581

Dave , he's playing guess-o-rama -- hopefully they have sold all their shares - PTSC got $ - they made profit - a good deal for all parties - the $$ were needed by PTSC -- better some dilution and PTSC is around to be successful -- with any luck at all that sort of financing will not be needed any more -- PTSC did get contract - and is looking into a strategic partner - JS just keeps beating the same old dead horse -- G

To: Dave Swanson who wrote (4778)	4/16/1998 1:09:00 PM
From: J.S.	Respond to of 8581

Dave, Look at the balance sheet indicating about 1.5M left at the end of the quarter. Then subtract the amount of shares at issuance of the document by the amount at the end of the quarter. At about $1/share this would leave less than a million. The recent stock price action suggests some more conversion recently so the figure is probably even less. No this was not a good deal for all concerned (pace sdr). It basically screwed the stockholders while helping some insiders and unscrupulous brokers. As I have stated many times, it is not financing or dilution, but the fact that there is no floor on the conversion price that makes this deal such a scam. Newer investors in PTSC as well as prospective ones need to understand this. Lucky will be the one who gets in the right time. Joe