Announced nice dividend news today. Runnin on some volume. Might hold for .30s
Posted by wallymac on :
2 Cent Per share cash divy.
PTSC -- Patriot Scientific Corp. Com ($0.00001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Patriot Scientific Corporation Announces Unprecedented Microcap Dividend
SAN DIEGO, Calif., Feb 14, 2006 (BUSINESS WIRE) -- In a move virtually unprecedented among Microcap stocks, Patriot Scientific Corporation (OTCBB: PTSC.OB) - a high-tech intellectual properties Company that specializes in developing and licensing high-performance ultra-low power microprocessor technology - today announced that it will issue a cash dividend of $0.02 per share of common stock for shareholders and qualified warrant holders of record as of February 24, 2006. The dividend is payable March 22, 2006.
This dramatic announcement follows closely on the heels of the Company's announcement last week of a buy-back program for up to 20 million stock warrants and the conversion and retirement of all outstanding debentures. Final information as to the number of shareholders and outstanding shares will be provided by the Company's transfer agent as of the record date, but based upon current information and estimates the Company will set aside funds of approximately $7million or more for payment of the dividend from its currently available cash and cash equivalents that amount to approximately $17 million.
This announcement is especially significant because - until less than 12 months ago - Patriot had never shown a quarterly profit, and had never realized significant revenue from its 10-patent portfolio of seminal microprocessor innovations. Since February of last year, the Company's jointly owned patent portfolio has been successfully licensed to Intel, HP and AMD - in the process, generating nearly $24 million in revenue for Patriot. Based on these licenses and other key factors covered in recent SEC filings, Patriot Scientific currently has a market cap of approximately $64 million dollars.
With these successful license negotiations as precedent, the Company - through its marketing alliance with The TPL Group's Alliacense division, - is actively and confidently negotiating for licenses with other U.S. and foreign companies whose products include high speed microprocessors - more than 150 of which were put on notice of likely infringement - and that includes practically every high-tech consumer electronics manufacturer and systems integrator in the global marketplace.
"We are pleased to be in the strong financial position that enables us to offer our loyal shareholders this significant dividend," said David H. Pohl, Chairman and CEO of Patriot Scientific. "The Company strongly believes that more licensing deals and related revenues are likely, although none are assured," Pohl continued. "Patriot Scientific's Board of Directors will consider and decide whether to take such dividend payment actions in the future, based on future revenues and the financial condition of the Company, as well as market conditions and other factors."
Pohl also said that, "This dividend payment, which is rare in the arena of microcap companies, is another important step toward evidencing Patriot Scientific's current financial strength and the fact that the Board and management firmly believe in the Company's future potential. During the past 12 months, the Company has undergone significant changes in management and operating strategy. As a result of those changes and the licensing revenues related to our jointly owned patent portfolio we are now in a favorable cash position, and we are using some of that cash to pay out our first-ever dividend to shareholders."
The action by Patriot Scientific to issue this dividend - and also last week's decision to retire the debentures and buy back what could amount to up to approximately 20 percent of the Company's total outstanding stock warrants at this juncture - were driven by the same impetus that has guided other strategic re-organizational moves that began in 2005. Last year the Company changed both its executive team and the Company's strategic direction, including the signing of a significant agreement with The TPL Group regarding joint ownership and marketing of its patent portfolio.
Patriot Scientific received licensing revenues of $13 million in 2005. The Company received distribution of an additional $10 million in January of 2006 as a result of a license transaction with systems manufacturer HP regarding Patriot's jointly owned patent portfolio.
"The far-reaching changes in 2005 helped pave the way for new growth-oriented initiatives in 2006," Pohl said. "These changes are positive for Patriot. We continue to move forward with the paramount goal of enhancing shareholder value by prudently addressing Company fundamentals and growing the business."
About Patriot Scientific
Patriot Scientific (OTCBB: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
The patent portfolio, also marketed as the MMP portfolio, contains intellectual property that became jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group in a settlement between them in June 2005. Both TPL and Patriot assert that their jointly owned patents have long been essential to the design of advanced microprocessors, digital signal processors, embedded processors and system-on-chip devices. Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $200 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise. While major microprocessor manufacturers such as Intel (NASDAQ: INTC) and Advanced Micro Devices (NYSE: AMD) were early portfolio licensees, Alliacense is now focusing its licensing efforts on system manufacturers.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
SOURCE: Patriot Scientific Corporation
CONTACT: Attention Group Media Relations: Daryl Toor, 770-777-9489 dtoor*attentiongroup.com or Hawk Associates Investor Relations: Frank Hawkins, 305-451-1888 info*hawkassociates.com or Julie Marshall, 305-451-1888 info*hawkassociates.com
Copyright Business Wire 2006
-0-
KEYWORD: United States North America California INDUSTRY KEYWORD: Technology Hardware SUBJECT CODE: Dividend
Search for Dun & Bradstreet reports on this company.
All information contained herein is provided "as is." Pink Sheets LLC makes no representation or warranty, expressed or implied, as to the accuracy, timeliness, or completeness of the information provided herein. Neither Pink Sheets LLC, nor its directors, officers, employees, or third party data suppliers, shall bear any responsibility or liability to verify the information and/or its source or for the use, misuse, or inability to use the information provided. None of the foregoing parties shall be liable to any third-party claims or losses of any nature. Accordingly, investors should not use this information as the basis for making an investment decision. Please see Risk Warning and Terms of Service for more information.
Risk Warning | Contact Regulators
Home | About Us | Contact Us | FAQ | Glossary Quotes & News | Market Activity| Company Search | OTC Guide | Products & Services
just bought in..may have paid too much though. You think it can go any higher?
Posted by wallymac on :
I just bought in too. I'm hoping. They've had some pretty good news lately. May not go higher today could take a day or two.
Posted by wallymac on :
Bid inching up. Almost all buys. Could be moving.
Posted by schantz34 on :
this thing just keeps going up
Posted by JL on :
Yah lookin nice.
Posted by wallymac on :
ask keeps changing. a lot of buying.
Posted by schantz34 on :
do we get these dividends, or do you have to be holding the stock for a certain amount of time or at a specific date? Anybody know how this works?
Posted by wallymac on :
You need to own prior to record date which is 2/24/2006
Posted by schantz34 on :
so if i sold before that date?
Posted by schantz34 on :
i assume you won't get it if you sell before that date..you have to not only buy before that date, but also still have it on that date?
Posted by wallymac on :
I believe that is correct. you need to still own at the Ex-Div date which is March 22.
Posted by schantz34 on :
still going...
Posted by wallymac on :
here we go .281 X .285
Posted by schantz34 on :
this is somewhat of a significant dividend payout. You think it's possible that this might keep going up, probably not at this pace, until the dividend date because people actually are buying this stock for the dividend?
Posted by wallymac on :
I don't think anyone will buy for the dividend alone but it does show that the company is moving in a good direction. I think we can look for steady growth.
Posted by dp2002 on :
This thing also broke the 52 week high today. There isn't any resistance after that. This should stay up here for a while.
Posted by wallymac on :
You beat me to it dp2002. It could go much higher.
GLTA
Posted by schantz34 on :
what is happening to the market right now?
Posted by schantz34 on :
why did the stock just take a random nosedive?
Posted by schantz34 on :
that was weird. for like 2 minutes everybody just started selling at the bid price. looks like its leveled off now though
Posted by wallymac on :
Now it will go back up and hopefully higher.
Posted by Incite on :
IMO Blue sky coming --30's possibly 40's by weeks end.
Posted by schantz34 on :
this is unbelievable..it just does not stop going up
Posted by schantz34 on :
i jinxed it
Posted by JL on :
out .34 for now... 30% gain. =)
Posted by wallymac on :
nice steady build.
Posted by schantz34 on :
looking great...think this can continue? Maybe until the 24th when dividends are issued?
Posted by schantz34 on :
this is starting to get ridiculous
Posted by glenngsxr on :
When would be a good exit point, if any? I don't want to get caught if this baby retraces tomorrow. I am not a pumper or profit taker, just cautious.
Posted by schantz34 on :
wally seems to know more about it than I do so he'll probably respond soon, but I'm thinking wait until it gets closer to that dividend date.
Posted by glenngsxr on :
just seen a .44 go by. BEA utiful.
Posted by JL on :
I would not be buying a share here....would be selling. Based on Technicals.....Fundamentals still good....but you can probably get in much cheaper in a few days.
BTW i bought back at .35 on momentum strength and sold again .41 lol.
Posted by wallymac on :
Read the news on this company and if you go a little further in researching you will see this isn't your typical daytrade.
I believe this will be a sustained run. I'm not pumpin this I just bought the other day at .27 and have spent about 4 hours on DD.
PTSC is a real company that has been around quite a while. There was a time that they were trading for close to $7.00 a share. It was a long time back.
They may be comming into some settlement money for patent infringements from AMD and other MFG's. They are also getting licensing fees for there patents. They have 10.
Go to ihub and look up PTSC and follow the research.
Make your own decisions after having all the details. I will probably sell a portion at .50 which will cover my trades and ride the free shares.
GLTA
Posted by JL on :
ADZR in play now. On New Contract News.
Posted by schantz34 on :
down this morning..making a good run now
Posted by narbeh on :
why are you posting about ADZR in the PTSC thread?
Posted by wallymac on :
Looks like some profit taking and conslodation is happening. could have a late afternoon run or we'll have to wait for another PR.
Posted by Incite on :
IMO -- PTSC trades over $1.00 by Feb 22.
Posted by wallymac on :
If they come up with more licensing agreements or some settlements it will. If they don't announce anything it will stall. IMO, it now has some support in the .35 to .40 range. Some good news and Boom. The MM's have taken this one up slowly. I've watched as they have pulled it back everytime it wants to run away. This could rise slowly over time without ever having that one day that knocks your socks off.
Posted by Incite on :
I doubt if you will find another penny stock that has $23M in revenue ttm. And due to the fact that it is licensing revenue nearly all is profit (90 percentile) 3 companies have settled (Intel,AMD and Hewlett Packard) for $23M with about 150 companies to go. Paying a .02 dividend, currently .42 pps. By far one of the hottest stocks out there period.
Posted by schantz34 on :
Not sure if it means anything, but this guy supposedly knows whet he's doing. Either way, still climbing.
Posted by stockvaper on :
Great News IMO. I think it warrants merit to PTSC's claims of licensing. (Potential of $ 200 billion a year PTSC claims).
Posted by wallymac on :
Will we hit .50 today?
If it breaks .50 no telling how high we go.
Posted by schantz34 on :
just hit .50...I think a ptsc party is in order. We can have a pinata with microprocessors inside.
Posted by schantz34 on :
just hit .50... I think a ptsc party is in order. We could have a pinata with microprocessors in it. Who's in?
Posted by stockvaper on :
Wow, this 'penny stock' may not be a penny stock for very long.
Posted by wallymac on :
Next licensing agreement will send this over $1.00
Posted by schantz34 on :
Casio Joins HP in Purchasing ''System'' License to Use Moore Microprocessor Patent(TM) Portfolio
Tuesday February 21, 9:00 am ET
Casio Reinforces Need for Digital Hardware Manufacturers to License Ubiquitous MMP Portfolio Technologies
CUPERTINO, Calif.--(BUSINESS WIRE)--Feb. 21, 2006--Alliacense today announced that Casio Computer Co., Ltd. has purchased "system" licensing rights to the Moore Microprocessor Patent(TM) (MMP) Portfolio. Following a similar agreement reached with Hewlett-Packard last month, today's announcement further substantiates the need for modern hardware manufacturers to secure MMP Portfolio licenses to cover the entire spectrum of their digital product lines. Terms of the Casio license were not disclosed. ADVERTISEMENT
"The intellectual property represented by the MMP Portfolio, and protected around the world, encompasses building blocks for virtually all digital products being designed and shipped today," said Mac Leckrone, Alliacense president. "The depth and breadth of digital products exploiting MMP Portfolio design techniques is remarkable. We routinely find these techniques used in devices ranging from simple TV remote controls to sophisticated medical diagnostic equipment -- from portable media players to complex internet 'backbone' hardware. Today's automobiles have dozens of such devices."
Leckrone noted that once digital hardware vendors recognize their broad reliance on the intellectual property protected by the MMP Portfolio, they appreciate the critical need to secure continued access to the fundamental MMP technologies. "System-level coverage is essential to maintaining product design freedom and avoiding supply-chain disruptions," he explained. Alliacense also offers simple, royalty-free licenses to all semiconductor sector operations, worldwide.
Leckrone confirmed that the MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. "By design, our licensing structure enables nimble and forward-thinking system manufacturers to disadvantage their competitors."
According to Leckrone, the purchase of MMP System Licenses by global system manufacturers such as HP and Casio has increased MMP licensing momentum. He reports that of the hundreds of companies Alliacense has contacted worldwide, dozens have begun to seek licensing arrangements. "The competition for early-round berths in many key market sectors is becoming intense."
About The MMP(TM) Portfolio
Named after legendary inventor Charles "Chuck" Moore, the Moore Microprocessor Patent(TM) Portfolio encompasses seven US patents as well as their European and Japanese counterparts. Protected through year of 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations.
In light of the early validation of MMP Portfolio by marquee chip-makers Intel and AMD in 2005, MMP licensing efforts are now focused on global system manufacturers.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, experienced business development and project management executives, and technology experts. Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. The TPL Group is an intellectual property development and management firm founded in 1989. For more information, visit www.alliacense.com.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL).
All other trademarks belong to their respective owners.
Contact: Mindpik (for Alliacense) Tom Rigoli, 650-969-5986 rigoli*mindpik.com
Casio Joins HP in Purchasing 'System' License to Use Moore Microprocessor Patent(TM) Portfolio
Tuesday February 21, 9:00 am ET
Casio Reinforces Need for Digital Hardware Manufacturers to License Ubiquitous MMP Portfolio Technologies
CUPERTINO, Calif.--(BUSINESS WIRE)--Feb. 21, 2006--Alliacense today announced that Casio Computer Co., Ltd. has purchased "system" licensing rights to the Moore Microprocessor Patent(TM) (MMP) Portfolio. Following a similar agreement reached with Hewlett-Packard last month, today's announcement further substantiates the need for modern hardware manufacturers to secure MMP Portfolio licenses to cover the entire spectrum of their digital product lines. Terms of the Casio license were not disclosed.
"The intellectual property represented by the MMP Portfolio, and protected around the world, encompasses building blocks for virtually all digital products being designed and shipped today," said Mac Leckrone, Alliacense president. "The depth and breadth of digital products exploiting MMP Portfolio design techniques is remarkable. We routinely find these techniques used in devices ranging from simple TV remote controls to sophisticated medical diagnostic equipment -- from portable media players to complex internet 'backbone' hardware. Today's automobiles have dozens of such devices."
Leckrone noted that once digital hardware vendors recognize their broad reliance on the intellectual property protected by the MMP Portfolio, they appreciate the critical need to secure continued access to the fundamental MMP technologies. "System-level coverage is essential to maintaining product design freedom and avoiding supply-chain disruptions," he explained. Alliacense also offers simple, royalty-free licenses to all semiconductor sector operations, worldwide.
Leckrone confirmed that the MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. "By design, our licensing structure enables nimble and forward-thinking system manufacturers to disadvantage their competitors."
According to Leckrone, the purchase of MMP System Licenses by global system manufacturers such as HP and Casio has increased MMP licensing momentum. He reports that of the hundreds of companies Alliacense has contacted worldwide, dozens have begun to seek licensing arrangements. "The competition for early-round berths in many key market sectors is becoming intense."
About The MMP(TM) Portfolio
Named after legendary inventor Charles "Chuck" Moore, the Moore Microprocessor Patent(TM) Portfolio encompasses seven US patents as well as their European and Japanese counterparts. Protected through year of 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations.
In light of the early validation of MMP Portfolio by marquee chip-makers Intel and AMD in 2005, MMP licensing efforts are now focused on global system manufacturers.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, experienced business development and project management executives, and technology experts. Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios. The TPL Group is an intellectual property development and management firm founded in 1989. For more information, visit www.alliacense.com.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL).
All other trademarks belong to their respective owners.
Contact: Mindpik (for Alliacense) Tom Rigoli, 650-969-5986 rigoli*mindpik.com
Good News is Good News. It deserves to be spread. I'll play second fiddle as long as it keeps going up. Hold on it's going to be a wild ride.
Posted by schantz34 on :
ha. couldn't agree more.
Posted by just_25 on :
This news says 9am, how come we are just hearing about it?
Posted by schantz34 on :
I found it on another message board. It's doesn't directly mention ptsc so it's not listed under their press releases.
Posted by just_25 on :
thanks, I don't normally jump on board a stock this late in the uptrend but I have a good feeling about this stock,ie. all the outstanding PR's, thanks for all your posts. Oh, I'm in for 22k * .56pps, best of luck to everyone. GB
Posted by just_25 on :
good job on all those who got in before this huge run! I'm out of town until Friday, but I'll check back in then. Oh, it's 22k shares not dollars, oops!
Posted by schantz34 on :
nice eod run
Posted by stockvaper on :
Wow, PTSC is screaming this morning!!!
Posted by JL on :
Very nice got back in .67 on the news.
Posted by just_25 on :
I can't believe what I am seeing on my charts. This is huge for everyone!!
Posted by JL on :
Selling here .82 for 15 Points. glta
Posted by stockvaper on :
I think we may cross over into dollar land today or tomorrow.
Posted by wallymac on :
Here's the PTSC PR on Casio
Patriot Scientific Announces Important Patent Licensing Agreement with Casio Casio Joins HP as Second "System" Manufacturer to Recognize Need for Digital Hardware Manufacturers to Purchase License for MMP(TM) Core Microprocessor Technologies Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB) today announced that Casio Computer Co., Ltd. has become the second system manufacturer to purchase a license to use intellectual property protected by the Moore Microprocessor Patent(TM) (MMP) Portfolio. Patriot and The TPL Group are co-owners of the MMP Portfolio, which is being exclusively managed by Alliacense, a TPL Group enterprise. Following a similar agreement reached with Hewlett-Packard last month, today's announcement further substantiates the need for modern hardware manufacturers to secure MMP Portfolio licenses to cover the entire spectrum of their digital product lines. Terms of the Casio license were not disclosed. "This marks yet another important license confirming the significance of the patents in our valuable jointly owned portfolio," said Patriot's Chairman and CEO David Pohl. "We are pleased that this licensing decision by Casio represents another notable step toward creating added value for our shareholders." "The intellectual property represented by the MMP Portfolio, and protected around the world, encompasses building blocks for virtually all digital products being designed and shipped today," said Mac Leckrone, Alliacense president. "The depth and breadth of digital products exploiting MMP Portfolio design techniques is remarkable. We routinely find these techniques used in devices ranging from simple TV remote controls to sophisticated medical diagnostic equipment - from portable media players to complex internet 'backbone' hardware. Today's automobiles have dozens of such devices." Leckrone noted that once digital hardware vendors recognize their broad reliance on the intellectual property protected by the MMP Portfolio, they appreciate the critical need to secure continued access to the fundamental MMP technologies. "System-level coverage is essential to maintaining product design freedom and avoiding supply-chain disruptions," he explained. Alliacense also offers simple, royalty-free licenses to all semiconductor sector operations, worldwide. Leckrone confirmed that the MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. "By design, our licensing structure enables nimble and forward-thinking system manufacturers to disadvantage their competitors." Dramatic Turn-Around "The Alliacense team continues to produce results that increasingly confirm our confidence in their effective strategies and focused efforts," noted Pohl. "The revenues we have realized from licenses to this point along with other recent actions by the company have resulted in significant fiscal strengthening of Patriot Scientific. All of this is consistent with our paramount goal of enhancing shareholder value by growing the business and prudently addressing company fundamentals." Patriot Scientific's market cap reached a level of more than $185 million as of the close of trading on February 21, 2006 -- having soared upward from $25 million in less than a month. Two weeks ago, Patriot Scientific announced it would retire all outstanding debentures along with the signing of an agreement giving it the option to buy back what could amount to up to approximately 20 percent of the Company's total outstanding stock warrants. Last week, in an action which is virtually unprecedented among microcap stocks Patriot announced that it would pay a cash dividend to shareholders and qualified warrant holders of record as of February 24, 2006. Until mid-2005, Patriot had never before shown a quarterly profit, and had never before realized significant revenue from its seminal microprocessor innovations. However, in the past year, the Company's jointly owned patent portfolio has been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Intel, HP and AMD. These first licensing agreements, in their initial disbursements, have generated more than $25 million in revenue for Patriot. According to Leckrone, the purchase of MMP System Licenses by global system manufacturers such as HP and Casio has increased MMP licensing momentum. He reports that of the hundreds of companies Alliacense has contacted worldwide, dozens have begun to seek licensing arrangements. "The competition for early-round berths in many key market sectors is becoming intense." About Patriot Scientific Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/patriot/profile.htm. About the MMP(TM) Patent Portfolio The patent portfolio, marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven US patents as well as their European and Japanese counterparts. Protected through year 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations. In light of the early validation of the MMP Portfolio by license agreements with marquee chip-makers Intel and AMD in 2005, followed by the announcement of a license with HP in early 2006, MMP licensing efforts are now focused on global system manufacturers. Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $200 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings. Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). Patriot Media Relations, San Diego Attention Group Daryl Toor, 770-777-9489 dtoor*attentiongroup.com or Patriot Investor Relations Hawk Associates Frank Hawkins/Julie Marshall, 305-451-1888 info*hawkassociates.com Source: Business Wire (February 22, 2006 - 9:30 AM EST)
because it wasn't released through ptsc yesterday, i feel like some people saw it yesterday and others saw it today, which caused the huge increases both days
Posted by stockvaper on :
Pushed over .93 ... Come on $ 1.00. Posted by schantz34 on :
we are now dealing with paper money boys
Posted by stockvaper on :
A 'paper' close would be really nice... Posted by blue_in_MI on :
amazing run, congrats to all holders!
in keeping with my usual tradition - i sold my little amount way too early, ah well...
Posted by coolnwo on :
Heard that we might see news from Panasonic tomorrow.
Posted by GrahamStephan on :
Do you think it's too late to get in? Closed at .905 today.
Thanks, Graham
Posted by wallymac on :
quote:Originally posted by GrahamStephan: Do you think it's too late to get in? Closed at .905 today.
Thanks, Graham
It really depends. There could be a minor retracement without any additional news. Then again if PTSC plays it right and gives us some hard numbers on the casio deal that match HP's it could continue rising. If you are looking long term, remember that there are still hundreds of companies that haven't signed agreements yet. What we have at this point is really just the tip of the iceberg.
At the close of trading today PTSC's mkt cap was 304M.
Posted by JL on :
PTSC will retrace back to .40s me thinks. And base out .50-.60
Posted by jb247 on :
New news on PTSC... nextinning dot com has an updated outlook... has anyone read it yet..?
Stock has dropped back down to the mid-60s this morning (as expected), but the dividends should bring it back up a little by EOD.
Posted by just_25 on :
back up today .78
Posted by K2snow on :
Good thoughts JB247
This is definetly a $1 stock by the end of this week. I dont know what the future looks like, but it could be sunny with a $5 stock!!!
Posted by jb247 on :
k2 I think $1 this week is probably pushing it, but end of next week is VERY possible. And ANY "decent" PR would put it back on everyone's radar...
I took my profits on it last week, but will be looking for a good re-entry point this week for the next PR.
Does anyone know when the next 8k is due..? It should include particulars on the Casio deal, with good financials...
Posted by just_25 on :
don't know about the 8k, but I got back in today after taking my profits from last week. I am not sure about the pps by weeks end, but the next couple pr's should send us into another huge run. IMO
Posted by jb247 on :
I couldn't agree more !!! $$$$$$$$$$$$$$$$
Posted by just_25 on :
what does everyone think about today? We need a PR to keep PTSC going strong. IMO, there are a lot of holders staying long due to the payout they anounced prior to 24 Feb, but we need some news to send us into another run pushing us over the $1 hump. GL
Posted by just_25 on :
running this morning, news might be on the horizon IMO
Posted by stockvaper on :
I think this stock will just keep going up (with some natural pull-backs). They're going to continue getting more and more companies signed up with their licensing (so long as the court's rulings stay in their favor). This can only keep bringing more money to the table. Simple: More License $ = Higher PPS
Posted by just_25 on :
I agree stockv, as long as there is not to much time between PR's of licensing agreements. But you never can tell with these OTC stocks, they have a mind of their own:) GL, are you in or waiting for news?
Posted by stockvaper on :
I bought 25K shares with about a .15 average months ago.
Posted by just_25 on :
wow, good for you. I never have the b*lls to hold these for that long. But if I were to pick a company to do it with, it would be PTSC. GL
Posted by stockvaper on :
Wow, what's causing this to take off?
Posted by wallymac on :
They just signed fujitsu to a licensing agreement. This should fly as news gets out.
Posted by wallymac on :
Monster here - probably $3 by end of Spring.
Posted by shall143 on :
PCCE and DDSI looking to breakout soon.
Posted by bdgee on :
shall143,
Must be some reason you are posting that in a thread on PTSC, but I can't figure it out....
Posted by stockvaper on :
WHOA....this stock is on fire.... Posted by Repoman75 on :
Finished at HOD. UP almost 50%. Prepare for a gap up tomorrow morning... 1.30
Posted by wallymac on :
PTSC will probably do their own PR tommorrow just like they did with the Casio announcement. We could be looking at another 20-25% increase tommorrow.
I'm riding free shares for the long haul on this one.
GLTA
Posted by Repoman75 on :
Already bidding up... 1.22
Posted by just_25 on :
glad I got back in Tue!!! This just released from PTSC
Patriot Scientific Announces Breakthrough Patent Licensing Agreement with Fujitsu; Fujitsu Joins Global Giants HP, Casio, Intel and AMD in Recognizing Need to License MMP(TM) Core Microprocessor Technologies
SAN DIEGO, Calif.--(BUSINESS WIRE)--March 2, 2006--Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB) today announced that Fujitsu Limited has become the latest global system manufacturer to purchase a license to use intellectual property protected by the Moore Microprocessor Patent(TM) (MMP) Portfolio. Patriot and The TPL Group are co-owners of the MMP Portfolio, which is being exclusively managed by Alliacense, a TPL Group enterprise. This license represents a settlement of patent disputes between Fujitsu and the owners of the MMP Portfolio.
In striking this licensing agreement, Fujitsu joins Casio, Hewlett-Packard, AMD and Intel in licensing Patriot's core patents impacting virtually every microprocessor manufactured since 1994. Casio struck its licensing deal last month, HP signed a licensing agreement in January, and both AMD and Intel negotiated licenses in 2005. Terms of the Fujitsu license were not disclosed.
Fujitsu had been one of four major Japanese electronics manufacturers against whom broad-based patent infringement claims had been filed last October by The TPL Group in the Federal District Court of East Texas on behalf of the MMP Portfolio. Today's announcement further substantiates the need for modern system manufacturers to secure MMP Portfolio licenses to cover the entire spectrum of their digital product lines.
"This major licensing agreement -- the third in just over a month -- marks yet another confirmation of the significance of the patents we jointly own." said Patriot's Chairman and CEO David Pohl. "We are pleased that this decision by Fujitsu represents yet another notable step in our ongoing effort to realize the monetary value of our portfolio for the benefit of our Company and ultimately our shareholders."
"The Fujitsu, Intel, AMD, HP and Casio licensing agreements set a strong precedent for more than 150 other high tech manufacturers that were notified in 2004 that they were infringing upon our patents and were invited to obtain appropriate licenses," Pohl noted.
"Our Licensing Program rewards first movers in their industry sectors with substantial discounts," said Mac Leckrone, President of Alliacense. "By design, our licensing structure enables nimble and forward-thinking system manufacturers to disadvantage their competitors." He confirmed that Alliacense has contacted hundreds of system manufacturers around the globe, and that competition for early-round licensing berths in key market sectors has become intense.
According to Leckrone, whose firm exclusively markets the MMP Patent Portfolio on behalf of Patriot Scientific, the broad range of system-level digital products exploiting MMP Portfolio design techniques is extensive. In addition to computers and related hardware, consumer electronic products ranging from televisions, digital cameras and portable music players, high-tech medical equipment, office automation products, aerospace and even automotive electronics systems are all designed with multiple semiconductor devices that use MMP Portfolio technologies.
"Once digital hardware vendors recognize their broad reliance on the intellectual property protected by the MMP Portfolio, they appreciate the critical need to secure continued access to the fundamental MMP technologies," Leckrone noted. "System-level coverage is essential to maintaining product design freedom and avoiding supply-chain disruptions."
Patriot's Dramatic Turn-Around Continues
"This strategically significant licensing agreement with Fujitsu further validates our confidence in the superb Alliacense team of licensing professionals. The financial benefits we have realized as a result of their Olympic-quality representation have made a major contribution to the fiscal strengthening of Patriot Scientific," said Pohl.
Patriot Scientific's market cap reached a level of $364.14 million as of the close of trading on March 1, 2006 -- having soared upward from $25 million in just over a month.
Last month, Patriot Scientific announced it would retire all outstanding debentures -- along with the signing of an agreement giving it the option to buy back what could amount to up to approximately 20 percent of the Company's total outstanding stock warrants. Additionally -- in an action which is virtually unprecedented among microcap stocks -- Patriot announced that it would pay a cash dividend of $.02 per share to shareholders and qualified warrant holders of record as of February 24, 2006. This payment will be issued on March 22, 2006.
Until mid-2005, Patriot had never before shown a quarterly profit, and had never before realized significant revenue from its seminal microprocessor innovations. However, in the past year, the Company's jointly owned patent portfolio has been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Intel, HP and AMD. These first licensing agreements have generated disbursements to Patriot of more than $25 million. Revenues from the recent Casio and Fujitsu licenses have not yet been disclosed.
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven US patents as well as their European and Japanese counterparts. Protected through year 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations.
In light of the early validation of the MMP Portfolio by license agreements with marquee chip-makers Intel and AMD in 2005, followed by the announcement of a license with HP in early 2006, MMP licensing efforts are now focused on global system manufacturers.
Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $260 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACT: Patriot Media Relations Attention GroupDaryl Toor, 770-777-9489 dtoor*attentiongroup.com or Patriot Investor Relations Hawk Associates Frank Hawkins/Julie Marshall, 305-451-1888 info*hawkassociates.com
SOURCE: Patriot Scientific Corporation
Posted by just_25 on :
just printed $1.35 moving very fast, should take off huge at opening bell
Posted by stockvaper on :
"This major licensing agreement -- the third in just over a month -- __________________________________________________ There's no reason to believe that this'll stop any time soon. This stock goes up significantly with each added agreement. Posted by just_25 on :
Did anyone else catch this in the PR? It's $60 BILLION annually more than the estimate given with the Casio PR. This is unbeleivable:)
"Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $260 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise."
Posted by just_25 on :
congrats stockv on your 25K shares, your sitting very nice!
Posted by stockvaper on :
From PTSC website:
Common Shares Outstanding: 252 million
Fully Diluted Shares Outstanding: Est. 398 million
If PTSC just got 10 percent of that $ 260 billion they are estimating annually that would be about $65 per fully diluted share; annually. With just a PE ratio of 5, that would set the PPS at around $ 325. That's with only 10 percent of the estimate realized folks. GLTA
Posted by just_25 on :
wow, let's see if the market agrees with that analysis, because as we all know the numbers are backed only by stong consumer demand. In PTSC's case there should be no problem because they are in the right place at the right time. Small pullback this morning as some traders took their profits, we should surge forward from here on out. I'm in long now, learned my lesson after selling at .73 and buying back in at .78. GLTA
Posted by Repoman75 on :
Wait until the announce another dividend... then we'll see what consumer demand is.
Posted by just_25 on :
now printing 1.42
Posted by jb247 on :
quote:Originally posted by stockvaper: From PTSC website:
Common Shares Outstanding: 252 million
Fully Diluted Shares Outstanding: Est. 398 million
If PTSC just got 10 percent of that $ 260 billion they are estimating annually that would be about $65 per fully diluted share; annually. With just a PE ratio of 5, that would set the PPS at around $ 325. That's with only 10 percent of the estimate realized folks. GLTA
Where did you get the estimated annual figure of "$ 260 Billion" .........?
Posted by stockvaper on :
From PTSC's PR:
Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be greater than $260 billion annually. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise. Posted by Repoman75 on :
I think the more important question is, where did you get the 10%?
Posted by stockvaper on :
I was just trying to illustrate that a percent (any percent) of the $ 260 Billion is a large number....pick a number yourself...one percent...one half of a percent...it's still huge.
Posted by Repoman75 on :
True... I'm just wondering what the details are of this settlements. Thought you may have read something somewhere.
Posted by just_25 on :
the details of both the Casio deal and this should be released and disclosed in the 8k, still to come
Posted by stockvaper on :
As far as future earnings from licensing is concerned, I'm sure even PTSC doesn't know what that'll be. In their PR's they've said they're offering a 'discount' to the early signors of the licensing and it will escalate for the later ones. Who knows at this time who will sign and when??? It's a big number though no matter what.
Posted by jb247 on :
quote:Originally posted by Repoman75: I think the more important question is, where did you get the 10%?
That was exactly my point... $260 Billion is what the industry makes in GROSS sales, but the settlements would be MUCH lower than 10% of that... I believe the HP deal was quoted at $10 Million... and what does HP do in annual GROSS sales..? I believe the best they can hope for is UNDER $1 Billion per year in a best case scenario... and that's if they were to sign up EVERYONE.
Don't get me wrong I'm in PTSC LOOONNNGGG. I believe the stock will continue to go up... WAY UP, but don't expect a 50-60% gain after EVERY PR... expecially if they release them every few weeks. I think an end of year price of around $10.00 - $15.00 is likely.
Posted by stickfigurefred on :
You guys know of any other patent holding companies under $1 right now that have the potential PTSC is having? I heard IAUS was one.
Posted by glenngsxr on :
Where does everyone see this baby going to?
Posted by Repoman75 on :
$3 in 2 - 3 weeks.
Possibly $10 by year's end.
Posted by stockvaper on :
I think we'll see at least $ 8 by mid-year (based on the rate at which companies are signing the licensing agreements). Posted by Repoman75 on :
Bidding up again this morning... here's some speculation to chew on:
1) STI-CELL chip superior to any chip build by INTEL or AMD.
2) STI-CELL makes INTEL and AMD's chips obsolete.
3) Nintendo Revolution STI-CELL.
4) Playstation 3 STI-CELL.
5) XBOX-360 qty 4 AMD Opterons; currently in testing with STI-CELL
6) Toshiba computers STI-CELL
7) Sony computers STI-CELL
8) See no matter which chip the manufacturers use they are in patent infringement with PTSC and TPL.
9) INTEL must buy out and own the PTSC/TPL patent rights in order to control Sony, Toshiba, and IBM.
10) INTEL owes some payback on patent infringement with Intergraph in which they would also be able to control them.
11) As soon as STI boys show up, INTEL will immediately proceed with Buyout negotiations with TPL/PTSC. We are now looking at $10 to $15 per share as a buyout price. Due to the substantial billions of dollars investments already put up by both Intel and the STI boys, a bidding war is sure to follow. Each party has everything to gain by buying the ownership of the PTSC/TPL patent Portfolio. As in Monopoly.
Posted by stockvaper on :
Interesting thoughts Repoman.... I think we'd see $ 10 by year end even without a buyout though. I ran a stock screen program this morning looking at the PPS's for companies that netted between $ 250m and $ 500m annually (which is within reach for PTSC). I didn't find a single one under $ 22. Most were between $50 - $70 PPS (and most of these companies had more O/S). I couldn't believe it. People pay a premium for very profitable companies.
Posted by Repoman75 on :
Another key is insider transactions. If the insiders do not sell any of their shares at these prices, after probably accumulating a lot in the pennies, then you know they believe (and know) that this thing is going much higher. Next week will be very interesting.
Posted by Repoman75 on :
Already bidding up again, $1.62. Why everybody is not buying as much as possible of this stock until it hits $5 is beyond me.
Posted by stockvaper on :
I couldn't agree more Repoman. The process of signing up companies on licensing agreements is just in it's beginning stages. IMO the PPS will continue to climb until PTSC is receiving over $ 250m annually or it's patents are bought out. My magic 8-ball sees a target PPS of $ 10 - $ 15 this time next year.
Posted by stockvaper on :
Climb baby...climb!!!! Posted by Repoman75 on :
I'm looking at $5 in 3 - 6 months.... and it looks like we may get there even sooner, and still no new announcements since 2 weeks ago.
Posted by stockvaper on :
I know....my 25K shares have gone up over $ 30,000 in value in the last 60 days and still climbing. Posted by Repoman75 on :
What did you buy at???
Lucky *******. I'm dealing with 2000K shares only
Posted by Repoman75 on :
And what do you think of ZL? Do your DD.
Posted by stockvaper on :
I bought all of mine under .20....most at .15, but all under .20. I've been holding for over 6 months and can't count the times I wanted to sell because it was going nowhere....Having the patience of dirt really paid off this time.
Posted by wallymac on :
hERE COMES $2.00
Is it possible for the MM's to run out of shares to trade?
Posted by Danny12345 on :
omg this stock is moving like crazyyyyyyyy
Posted by Repoman75 on :
Wally - possibly, but unlikely since some fool will always sell to them on the shakes...
But keep your eye on NITE and UBSS .. they are the 2 major MM's for this stock. And they refuse to sell shares.. they keep pulling their asks. They are waiting for big PPS to sell.
"The stockplay of a lifetime"
Posted by wallymac on :
True but now the shakes keep staying at higher levels. What do you see as the close today. Imagine what will happen if we get a license from Sony.
Posted by just_25 on :
does anyone know why we shot up 27% today, no news I can see. I'm still holding my shares long but was hoping to load up some more on a dip. I thought for sure we would see a pull back today after the surge we had last week.
Posted by Repoman75 on :
We are up 27% for the same reason we are up 100% over the last week. News is not driving this stock... it's the GUARANTEE that 150 companies are using this chip and they MUST settle eventually. That simple. Dip is NOW period. Buy now. If you wait, you will not get in and tomorrow we will be up again.
I see a close of under $2.00 . Lots of morons cashing in at these levels... let them go. When the next settlement is announced (I think it will be Texas Ins.), or the 8-Ks are released, this thing will be unbuyable below $3.
Posted by just_25 on :
I agree, just thought that 27% was a bit extreme for one day without news. Lets not forget that even though we have invested in a great company, it's still an OTC stock and the main driving force behind these stocks is news.
Posted by just_25 on :
repo, when is the 8k due out?
Posted by Repoman75 on :
Not sure. The 8K on the HP settlement was a few das after the news of the settlement. So I think Casio and Fujitsui should be very soon.
Posted by Repoman75 on :
Well, considering that the HP 8-k was released a few days after the news on the settlement, I'd say we are due for Casio any day now.
Posted by just_25 on :
thanks, I just added 5k shares to give me a grand total of 10k shares, nothing compared to stockvapers 25k but should pull a nice return none the less. GL all
Posted by Repoman75 on :
Now is the time to add... here's the lunchtime dip.
Posted by just_25 on :
I got in at $1.90. My first order was $.59, should have loaded up then, but that was before I found out how great this company actually was. Are you buying more at these prices or just holding happy?
Posted by Repoman75 on :
Unfortunately, I have no more cash. I'm all in at .94.
Posted by wallymac on :
The other thing happening is that people outside of the penny arena are now finding out about PTSC. The news is filtering out. Now that the news is more widespread it is attracting new buyers. This is still the beginning. I've been in since .27.
Posted by SupJ on :
A DOLLAR in 4 days. That is crazy! A month ago this stock was 17 cents.
Posted by just_25 on :
good for you guys getting in at such low prices. I normally don't hold OTC stocks longer than 2 days so I hope I don't get burned by making this my 1st exception. Thanks for all your posts and I hope were all smiles at year end!
Posted by foxtrot6 on :
quote:Originally posted by Repoman75: Wally - possibly, but unlikely since some fool will always sell to them on the shakes...
But keep your eye on NITE and UBSS .. they are the 2 major MM's for this stock. And they refuse to sell shares.. they keep pulling their asks. They are waiting for big PPS to sell.
"The stockplay of a lifetime"
Repo what about ARCA they seem to have all the big orders on both sides. What do you make of that?
Posted by Repoman75 on :
ARCA - my guess is they are block traders. They aren't the big players in this game. They easily get plowed over by price swings.
NITE and UBSS are the big boys.
Posted by wallymac on :
quote:Originally posted by just_25: good for you guys getting in at such low prices. I normally don't hold OTC stocks longer than 2 days so I hope I don't get burned by making this my 1st exception. Thanks for all your posts and I hope were all smiles at year end!
I usually don't like to hold either but this tock is different. They still have over 100 companies that need to sign licensing. When they sign Sony forget about it. This stock has shown consistent progress.
Posted by just_25 on :
Right wally, this stock is one exception that will pay. Opportunaties like this don't come along often, glad we're all catchin the ride.
Posted by Repoman75 on :
This is the MSFT of the y2k.
Posted by Repoman75 on :
1.96 close... HELLO PEOPLE. IF YOU HAVEN'T BOUGHT THIS YET, YOU ARE MISSING THE STOCK PLAY OF THE YEAR.
Eh, they'll read about it in Fortune in about 2 years when it's $40 / share.
Posted by 30CentRunner on :
is 3o cent anything like fity cent?... i wonder if RC is in da house? anyone notice the similarities?
Posted by foxtrot6 on :
Tomarrow may test us. Pinksheets . com list news. In April at the shareholders meeting will be a vote to increse shares from 400 million to 500 million.
Posted by foxtrot6 on :
please ignore the previous post, it is 1 year old opps
Posted by stockvaper on :
Congradulations boys and girls!!! We broke $2.00. Do I hear $ 3.00? Posted by Repoman75 on :
$3.00 by the end of the week.
Wait until we hit $5 and become marginable... INSTITUTIONS.
Posted by stockvaper on :
Repo, when (not if) that happens I'm approaching retirement quickly...remember I have 25K shares.
Posted by Repoman75 on :
I know I know, lucky bast*rd!
Posted by AR on :
Guys, I usually dont bid that high for an otc stock but I could not resist for this one. I m in *2.225
Posted by stockvaper on :
This stock is like a large snowball rolling down a steep mountain with deep snow....it just keeps going, getting bigger and bigger, and there's no stopping it. Posted by Repoman75 on :
AR - don't worry, you'll make at least 50% on that investment, if not 100% in about 2 - 3 months.
Posted by stockvaper on :
PTSC high today was $ 2.56? Is that right? Wow.
Posted by AR on :
I will be happy to see 50% in 2 - 3 months. What is your 1 year target?
Posted by Repoman75 on :
1 year??? $10.
I think the $2.56 was a bad print.
Posted by kywee on :
falling hard
Posted by stockvaper on :
MM's are walking it down on small volume taking out stops...I'm getting ready to snag some more here cheap....I can use the MM's to my advantage. GLTA.
Posted by stockvaper on :
It's at the bottom here....this is the buying opportunity of a lifetime...
Posted by stockvaper on :
The shake is over...it's going back up...I only had enough cash in my account to grab another 1000 shares * $ 1.75..
Posted by Repoman75 on :
I have no money left. Its unreal how amateur investors get fooled by these shakes.
Posted by stockvaper on :
Yeah, I'll be glad when we go over $5 and some institutions start buying...it makes it harder for the MM's to manipulate.
Posted by stockvaper on :
It's recovering fast. Should settle back around $ 2 by EOD is my guess.
Posted by Repoman75 on :
Yep.
Posted by rrye on :
I dont think it will be recovering back to $2 today. Could be wrong
Posted by kywee on :
quote:Originally posted by Repoman75: I have no money left. Its unreal how amateur investors get fooled by these shakes.
i think you got fooled, no offense
Posted by rrye on :
I bought back in rather high. So now I can't decide whether to jump ship before everyone takes their profits, or to gamble on a recovery tomorrow. Any thoughts?
Posted by Repoman75 on :
We'll see. I'd bet you on that, but I can never really collect. So we'll see.
Posted by kywee on :
i hope it recovers. id like to ride it back up for a quick 10%
Posted by stockvaper on :
I know I'm not selling. The 6 Japanese companies that were defying the licensing together (the J6) have already gone to J4. If Sony or some of the other big companies sign, (which could be any day), this thing will pop over $ 5 very fast. I wouldn't want to be chasing it. I'd rather have the shares and wait for the kill. IMO. GLTA.
Posted by Repoman75 on :
If you sell at a LOSS, you are a complete moron. I can understand locking in profits, but selling at a loss on this????
SELL HIGH, BUY LOW.
Just hold your panties and wait. Unless you need the money to pay you rent tomorrow, WAIT.
Posted by stockvaper on :
Possibilities of NEC, Toshiba, Hitachi, Sony signing any day.....don't be standing out in the cold.... IMO this is a buy of a lifetime....if you throw it away you'll never get another chance probably (at least as good as this).
Posted by Repoman75 on :
Yeah, unless you owned SPEA at .30 when it ran to $8 in 1 day, you will never see this opportunity for a looooong time to come.
Posted by kywee on :
i entered at 1.72...just looking for a quick flip unless it gaps high and stays up
Posted by just_25 on :
I told you there would be a dip repoman, its a stock and there will always be ups and down. The problem with flipping this stock is it jumps very fast sometimes without warning. I normally hold OTC's for 2 days but this stock is one you want to hold even if you took a loss for a day or two. Stay on board and you'll thank us. JMHO
Posted by Ripler on :
if bought today.. you think its realistic to still go to $5 short term?
Posted by Repoman75 on :
Yes... we just need news. Think about it. This stock ran from .20 to $2, a 1000% gain. Of course there will be pullbacks, but as more news hits, bam, off we go again.
Patience.
Posted by stockvaper on :
I'm working on freeing up more funds to buy more more PTSC today. I just can't pass up these bargain prices.
Posted by AR on :
My protofolio looks awful now . I wish I could have waited another day.
Posted by stockvaper on :
I could only free up enough funds to get another 750 shares * $ 1.46. (Total 26,750 now).
Posted by Repoman75 on :
Hang in there AR... only a matter of time, days or a week.
Posted by Ja Rule on :
Are than any solid numbers on what these licensing agreements are worth?
thx,
Ja
Posted by Incite on :
I know about five people who are in the process of opening brokerage accounts for the specific purpose of buying PTSC stock. They are praying the price stays this low until they can trade... http://www.eb-asia.com/article.asp?id=5283 Posted by just_25 on :
I'm hoping we go lower also so I can load up more shares. I knew we would come back down but I bought more last week in case more news was released.
Posted by just_25 on :
Nice link incite, I want to post the release for others to see.
Is Blackberry Settlement Coming To Computers Too?
The $612 million settlement last week will seem small compared to more than 150 computer/semiconductor manufacturers and consumer electronics companies worldwide now being sued or put on notice for industry wide patent infringement that is validated by recent licensing or court settlements by Intel, AMD, HP, Casio and last week Fujitsu.
Publicly traded Patriot Scientific Corporation co-owns and markets core microprocessor architecture technology patents which affects every computer manufactured since 1994 and semiconductors which run faster than 120 MHz. These microprocessors put into everything from office copy machines and automobiles to DVD players and PDAs has been almost universally ignored until recently when Intel, AMD, HP, Casio and just last week, Fujitsu decided to receive amnesty in the form of a license.
Unlike NTP, the BlackBerry plaintiff, Patriot has developed technology as well as co-owns a patent portfolio. Currently, Matsu****a, NEC and Toshiba the others are being sued in U.S. District Court for industry wide infringement More than 150 other companies have already been put on notice.
Trading with a market cap of $25 million a month ago, Patriot's stock, in anticipation of an industry-wide earthquake, has soared to a market cap of over $600 million today.
CEO David Pohl and representatives of the company are available to comment.
Posted by rrye on :
PTSC Patriot Scientific Corp (OTC BB) 3/8/2006 12:00:00 AM ET
Patriot Scientific Corporation Announces Second Cash Stock Dividend in Less Than a Month; Annual Meeting and New Offices Also Announced 3/9/2006 9:19:01 AM SAN DIEGO, Mar 09, 2006 (BUSINESS WIRE) -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB) today announced that it will issue yet another cash dividend for shareholders and qualified warrant holders of record as of March 31, 2006. This dramatic announcement follows closely on the heels of last month's announcement of the Company's first dividend payable on March 22, 2006. Patriot's earlier dividend was $0.02 per share - the new dividend is planned to be $0.04 per share.
The Company has been advised that it will likely receive the distribution of its share of the proceeds from recently announced patent portfolio license transactions by the end of March. Those transactions, announced within the past month, involved the Company's jointly owned Moore Microprocessor Patent(TM) (MMP) Portfolio having been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Casio Computer Co. Ltd. and Fujitsu Limited.
The Company expects to pay the dividend in late April, with the exact date to be determined and announced. Final information as to the number of shareholders and outstanding shares will be provided by the Company's transfer agent as of the record date, but based upon current information and estimates the Company will set aside funds of approximately $15 million for payment of the dividend when distribution of its share of licensing proceeds is received.
"I am delighted to speak on behalf of the Board of Directors in announcing this planned dividend, which will be double the amount of the previously declared dividend," said Patriot Scientific's Chairman and CEO, David H. Pohl. "The timing and amount of the payment to dividend recipients is subject, of course, to the Company actually receiving our expected share of the proceeds from the licensing transactions," Pohl continued.
"This second dividend announcement in less than a month - something extremely rare in the world of microcap stocks - is yet a further important step toward evidencing the faith and belief of the Board of Directors and management of Patriot Scientific in the Company's current financial strength and future potential," said Pohl. "We are pleased to be able to continue rewarding loyal shareholders with this additional, and even more significant dividend." The Company strongly believes that more licensing transactions and related revenues are likely, although none are assured. As in the instance of announcing this increased dividend, Patriot Scientific's Board of Directors will continue to consider and decide whether to take such dividend payment actions in the future, based on future revenues and the financial condition of the Company, as well as market conditions and other factors.
Annual Meeting
The Company has scheduled the corporation's Annual Meeting for April 28, 2006 to be held in Carlsbad California. The site and time of the annual meeting will be announced at a later date. Patriot Scientific will mail a proxy statement to shareholders near the end of March indicating proposals upon which shareholders will be asked to vote.
New Offices
Patriot Scientific also announced it has relocated its offices to Carlsbad, California at 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011.
About Patriot Scientific
Patriot Scientific (OTC Bulletin Board: PTSC.OB) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's jointly owned portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Protected through year 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations.
The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise. In light of the early validation of the MMP Portfolio by license agreements with marquee chip-makers Intel and AMD in 2005, followed by the announcement in 2006 of licenses with HP, Casio and Fujitsu, MMP licensing efforts are now focused on global system manufacturers.
Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be nearly $260 billion annually. Products ranging from televisions, digital cameras and portable music players to servers, medical equipment, and even automotive electronics systems -- are all designed with multiple semiconductor devices that use MMP Portfolio technologies.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Alliacense, Moore Microprocessor Patent, and MMP are trademarks of Technology Properties Limited (TPL).
All other trademarks belong to their respective owners.
Posted by Repoman75 on :
Hope we end up back in the 1.50 - 1.70 range.
Posted by josebezme on :
Glad I loaded up on more shares last night before the close ;-) I'm expecting this to break 2.20 before tomorrow COB.
Posted by just_25 on :
1.64 just printed, looks like I won't be adding any more shares this week. I'm happy with my 10k shares though.
Posted by rrye on :
I hope your right but without additional companies signing on I don't think it will reach that level again. I hope the Japanese countersuits are thrown out.
Posted by just_25 on :
1.79 just printed, my charts say todays high was 2.64? that seems way off
Posted by Repoman75 on :
2.64 was a bad print.
Posted by kywee on :
todays high is 1.83
Posted by Repoman75 on :
2.64 was a bad print.
Posted by just_25 on :
1.75 close, nice bounce, hopefully we can hold these gains before the next pr. The .04 cash dividend is a great way to show us that the company is doing well and continues to anticipate it will do even better. With this dividend costing the company an estimated $15 million, I think it is safe to say that the licence agreements already signed have netted the company enough to anticipate huge income to come. If you are in already, congrats, if not do your own DD and get on board before it's to late.
Posted by jb247 on :
quote:Originally posted by just_25: 1.75 close, nice bounce, hopefully we can hold these gains before the next pr. The .04 cash dividend is a great way to show us that the company is doing well and continues to anticipate it will do even better. With this dividend costing the company an estimated $15 million, I think it is safe to say that the licence agreements already signed have netted the company enough to anticipate huge income to come. If you are in already, congrats, if not do your own DD and get on board before it's to late.
You hit the nail on the head!!
We know the HP deal netted PTSC around 10 Mil, and if they're willing to pump $15 Mil back to the stockholders in this latest dividend...
We have to assume that the numbers from the Casio and Fujitsu deals (as well as any pending ones they have yet to release) will be VERY BIG !!
I think we will see an 8K VERY soon giving us specifics on these deals, as well as a few new ones!!!
I LOVE THIS STOCK !!!
Posted by Repoman75 on :
Here's the real kicker... come near the end of March, since the div. is given to shareholders on record as of 3/31, people will begin a MASSIVE accumulation. If they can get a .04 div. on a $2 stock??? People with cash (not small time investors like the people here), people who buy blocks of stocks for the divvies, will scoop this stock up in great quantities.
Posted by jb247 on :
Good point Repo... a .04 div doesn't mean much for someone who buys a few thousand shares, but it can be nice for the big block traders. I would see some good accumulation near the end of the month.
Posted by Incite on :
Intel, AMD (who also own restricted PTSC stock), Hewlett Packard, Casio and Fujitsu have all recognized and voluntarily licensed PTSC's jointly owned MMP Portfolio of microprocessor design patents; for what I estimate to date, to be more than $80M. PTSC has now elected to pay approx. $22M in direct cash dividends from their share of these licensing distributions with the announcement of the latest .04 cents per share dividend, coming just yesterday for shareholders of record on March 31, 2006. This $80M came from just five companies, who received "deep discounts" for being among the first in their sectors to sign. You don't have to be a mathematician to figure out what lies ahead with more than 150 more companies on notice of which dozens are actively seeking licensing arrangements.
<b>Approx. $50M of the MMP Portfolio revenues has come in just the last six weeks.</b>
About The MMP Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) (MMP) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Protected through year 2015, these patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementation.
About TPL Founded in 1988, Silicon Valley based TPL Group has a solid track record in delivering a complete suite of intellectual property management services. In addition to optimizing IP Portfolio value and protecting assets from infringement, the company is also well versed in converting portfolio value into a maximum cash return for its owner(s).
About Alliacense Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of intellectual property licensing programs. As a cadre of IP licensing strategists, experienced business development and project management executives, and technology experts, Alliacense focuses on expanding the awareness and value of TPL's intellectual property portfolios.
About Patriot Scientifics
Patriot Scientific (OTC Bulletin Board: PTSC.OB - News) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's jointly owned portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
Global sales of end products deploying chips using technologies protected by the jointly owned patents are estimated to be nearly $260 billion annually. Products ranging from televisions, digital cameras and portable music players to servers, medical equipment, and even automotive electronics systems -- are all designed with multiple semiconductor devices that use MMP Portfolio technologies. In light of the early validation of MMP Portfolio by marquee chip-makers Intel and AMD in 2005, MMP licensing efforts are now focused on global system manufacturers.
"The Fujitsu, Intel, AMD, HP and Casio licensing agreements set a strong precedent for more than 150 other high tech manufacturers that were notified in 2004 that they were infringing upon our patents and were invited to obtain appropriate licenses," -- David H. Pohl, Patriot Scientific's Chairman and CEO.
"The intellectual property represented by the MMP Portfolio, and protected around the world, encompasses building blocks for virtually all digital products being designed and shipped today," said Mac Leckrone, Alliacense president. "The depth and breadth of digital products exploiting MMP Portfolio design techniques is remarkable. We routinely find these techniques used in devices ranging from simple TV remote controls to sophisticated medical diagnostic equipment - from portable media players to complex internet 'backbone' hardware. Today's automobiles have dozens of such devices."
Leckrone noted that once digital hardware vendors recognize their broad reliance on the intellectual property protected by the MMP Portfolio, they appreciate the critical need to secure continued access to the fundamental MMP technologies. "System-level coverage is essential to maintaining product design freedom and avoiding supply-chain disruptions," he explained. Alliacense also offers simple, royalty-free licenses to all semiconductor sector operations, worldwide.
Leckrone confirmed that the MMP Portfolio Licensing Program rewards first movers in their industry sectors with substantial discounts. "By design, our licensing structure enables nimble and forward-thinking system manufacturers to disadvantage their competitors."
According to Leckrone, the purchase of MMP System Licenses by global system manufacturers such as HP and Casio has increased MMP licensing momentum. He reports that of the hundreds of companies Alliacense has contacted worldwide, dozens have begun to seek licensing arrangements. "The competition for early-round berths in many key market sectors is becoming intense."
Posted by AR on :
Does anyone know the detail of these license agreements? Is this only a one time fees?
Posted by stockvaper on :
AR, from what I've read, the license agreements are comprised of both, an upfront negotiated fee (representing past royalty fees), and future royalty payments (as a percentage of the licensees' net income). PTSC has not disclosed (to my knowledge) what this royalty percent will be. I love this company. They are very loyal to their long term shareholders.
Posted by AR on :
Thanks stockvaper for your response. I agree that they have been really for their long term shareholders. The only question I have in mind is why anyone from inside buying this stock recently? They have only been selling.
Posted by Repoman75 on :
Who is selling?? The only insider selling is the ex-CFO, and he was fired. Who else?
Posted by AR on :
oh Mr. Gifforn was an ex-CFO. Sorry, I didn't realize it. Actually, I've heavily invested in this company so I just want to make sure that I made the right decision.
Posted by just_25 on :
we need some news to stop the selling. wish I had more $ to pick up some more shares at these prices but I'm tapped out.
Posted by Repoman75 on :
Waiting for the 8-Ks from Casio and Fujitsui.
Posted by crappybob on :
When are they supposed to come out?
Posted by Repoman75 on :
Soon I would guess.... no timeframe given.
Posted by stockvaper on :
"...Alliacense has contacted hundreds of system manufacturers around the globe, and competition for early-round licensing berths in key market sectors has become intense...." ------------------------------------------------- I'd expect more companies to sign agreements soon. About 150 companies have been notified of license enfringement and many of them have a lot less resources as the companies that have already signed the agreements. If the lawyers of the bigger companies caved in, well, think about it.
Posted by stickfigurefred on :
Anybody see a bottom on this?
Posted by Repoman75 on :
1.20 hopefully...
Posted by Danny12345 on :
moving... woohoo
Posted by Repoman75 on :
Finally... too bad I sold some shares to buy that pig MXLO
Posted by stockvaper on :
What's going on? Any rumors on another signing??
Posted by Repoman75 on :
My guess news is leaking out for tomorrow morning.... 8-Ks? Or something on the trial from yesterday
Posted by AR on :
sounds like something is up Posted by stockvaper on :
There's no news yet on the PTSC or Alliacense websites.
Posted by Repoman75 on :
No. They don't release news intraday, only premarket.... I'm saying it's leaking out.
Posted by Repoman75 on :
At least now we know the high 1.20's is support... load the boat if it dips again near those levels.
Posted by AR on :
Recently, They have been putting PR almost everyweek. I think there should be another PR by the end of week.
Posted by stockvaper on :
I loaded up as much as I could....no more dry powder.
Posted by jigga33017 on :
im still sittin on 1000 shares i bought at 1.40 a week ago after the big run, before the run i bought 500 at 1.33 and sold at 2.15, pretty good day, lets make some more money...
if fmly would only go up again Posted by blue_in_MI on :
have to say, PTSC is really a fascinating little stock, has been on my ticker for the last several weeks. no idea if it will eventually park itself at $1 or move up to $3 based on new news, i'm just an observer now after selling way too early (as always). sure is fun to watch the fear/greed cycle in action on this one though, some wild swings.
Posted by black3 on :
Can somebody provide a brief explanation of what is going on with this company? I keep seeing references to agreements.
Posted by stockvaper on :
black3, we are talking about licensing agreements. You should go to PTSC.com and read their news and events articles.
Posted by Danny12345 on :
nice 1.52x1.50 ... bid higher than ask heh..
Posted by just_25 on :
I'm trying to find some cash to scoop up more shares at these prices. Even if we dip a little lower we are all in for fantastic gains by year end IMO. I have said it before and I'll say it again, this is one OTC worth holding. GL
Posted by jb247 on :
Their PRs really seem to be hitting in a nice pattern... with a GOOD ONE about every 6 to 8 days.
I believe we will see a real hum dinger tomorrow or Monday at the latest. It could be another license agreement announcement, or possibly an 8k detailing the $$ they made from Casio & Fujitsu.
Either way, we should see a sharp bounce up to $2.25 to $3.00 -- so hold on for the ride !!
$1.40 is a GREAT entry point...
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted by just_25 on :
this was posted a week or so ago, but it paints a good picture of what is to come. I just added another 2,500 shres at these bargin prices. The next couple pr's will bring an end to good entry prices like these.
The $612 million settlement last week will seem small compared to more than 150 computer/semiconductor manufacturers and consumer electronics companies worldwide now being sued or put on notice for industry wide patent infringement that is validated by recent licensing or court settlements by Intel, AMD, HP, Casio and last week Fujitsu.
Publicly traded Patriot Scientific Corporation co-owns and markets core microprocessor architecture technology patents which affects every computer manufactured since 1994 and semiconductors which run faster than 120 MHz. These microprocessors put into everything from office copy machines and automobiles to DVD players and PDAs has been almost universally ignored until recently when Intel, AMD, HP, Casio and just last week, Fujitsu decided to receive amnesty in the form of a license.
Unlike NTP, the BlackBerry plaintiff, Patriot has developed technology as well as co-owns a patent portfolio. Currently, Matsu****a, NEC and Toshiba the others are being sued in U.S. District Court for industry wide infringement More than 150 other companies have already been put on notice.
Trading with a market cap of $25 million a month ago, Patriot's stock, in anticipation of an industry-wide earthquake, has soared to a market cap of over $600 million today.
CEO David Pohl and representatives of the company are available to comment.
Posted by jb247 on :
Gapping up this morning... we are DUE for a good PR !!! Keep an eye on it today...
Posted by just_25 on :
Here we go! Nice call jb, glad I added more shares yesterday... Just released
Patriot Scientific To Now Focus On Outcome of Infringement Lawsuit in Texas
Northern California court grants TPL's motion to stay proceedings pending outcome of infringement proceedings against major Japanese manufacturers in Eastern District of Texas Patriot Scientific Corporation (OTC Bulletin Board: PTSC), an intellectual property licensing company, today announced that the U.S. District Court of Northern California has stayed the declaratory judgment actions recently filed in that court against the TPL Group, a global intellectual property management company, and Patriot Scientific, et al, by major Japanese manufacturers. Further proceedings in the California actions were stayed pending outcome of TPL's earlier-filed action against those same companies in the U.S. District Court in the Eastern District of Texas. This clears the way for the Texas court -- sometimes referred to as the "rocket docket" for its expeditious rulings in patent infringement cases -- to now take the lead in judging TPL's broad-based intellectual property claims for infringement of three of the 10 patents in the Moore Microprocessor Patent(TM) (MMP) Portfolio that is jointly owned by the TPL Group and Patriot Scientific.
"This ruling puts a halt to procedural maneuvering by the Matsu****a, Panasonic, JVC, Toshiba, and NEC entities," said Dan Leckrone, chairman of the TPL Group. Leckrone noted that the Fujitsu entities -- who were also defendants in the Texas action -- have recently purchased a license under the MMP Portfolio, and have been dismissed from the Texas and California actions.
The validity of TPL's views regarding the scope of the MMP Portfolio has gained substantial momentum since marquee chip makers Intel and AMD purchased MMP licenses last year. Since the beginning of 2006, Hewlett-Packard, Casio Computer and Fujitsu have purchased MMP system licenses. TPL believes that the intellectual property protected by the MMP Portfolio is used in a wide variety of end-user products including personal computers, servers, workstations, home theater systems, digital TVs, video games, DVD Recorders/Players, mobile handsets and automotive electronics.
"The TPL Group continues to have our complete confidence as they proceed with their highly effective, exclusive management of our valuable jointly owned patent portfolio," stated David Pohl, chairman and CEO of Patriot Scientific.
About the MMP Portfolio
The patent portfolio, marketed as the Moore Microprocessor Patent(TM) Portfolio, contains intellectual property that is jointly owned by publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processor (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group enterprise.
Posted by jb247 on :
WOW... that was quick... ask and ye shall receive !!! LOL
Posted by jb247 on :
While this PR doesn't list $$$ income for the company (like license agreements), hopefully people will actually READ the PR and understand what it really means... This is VERY good news for PTSC !!!
We should see Panasonic, JVC, Toshiba and NEC dropping like flys now !!! LOL
Remember, Fujitsu already jumped ship, because they probably saw this coming.
Expect some SERIOUS $$$$ PR to come out VERY soon !!!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted by Repoman75 on :
Sony is not mentioned anywhere.... hmm... maybe there are already in settlement negotiations?? That would be HUGE.
Not to mention we still have the 8-Ks coming from Casio and Fujitsui.
Posted by just_25 on :
Repo, there is just 1 8k, the details of both settlements should be disclosed in the 8k. Should be out next week
Posted by stockvaper on :
This clears the way for the Texas court -- sometimes referred to as the "rocket docket" for its expeditious rulings in patent infringement cases -- to now take the lead in judging TPL's broad-based intellectual property claims for infringement of three of the 10 patents in the Moore Microprocessor Patent(TM) (MMP) Portfolio that is jointly owned by the TPL Group and Patriot Scientific. ----------------------------------------------- The "rocket docket" court....LOL Posted by just_25 on :
WOW...1.69 open, we are in for another great ride
Posted by stockvaper on :
Sweet, I'm up $ 5500 in 3 minutes.
Posted by Repoman75 on :
You know what I meant...
Posted by just_25 on :
didn't know if you understood, just trying to help:)
Posted by just_25 on :
I wish I had 25k shares like stockvaper, I'll have to be happy with half that!
Posted by jb247 on :
Seeing a block at 1.73 .. need to push past it... and we can hit 1.90 +++
Posted by Repoman75 on :
This run won't hold.. .not until the 8-K info. and/or the case is dismissed will we go into the $2's and beyond... when it dips middle of next week, buy all that you can.
Posted by just_25 on :
people are crazy for selling at 1.73, but we will get past it without question.
Posted by just_25 on :
1.76 just printed, to many people know what this stocks potential is to hold us back
Posted by jb247 on :
The daytraders are trying to create some channels so they can flip it back and forth today... hopefully we can just push up past them.
Posted by Repoman75 on :
Here comes the first dip
Posted by just_25 on :
normaly I am a day trader, but this stock is without a doubt an investment. I tried flipping it back when it was .59 and got burned. Maybe these guys will learn the same lesson and just hold on for the ride.
Posted by Repoman75 on :
Well, in all fairness, you could have made a fortune flipping from $1 to over $2, back down to $1.20 to $1.70, back down to $1.30 now up to $1.75.
It will continue to trade this way, taking higher legs, until settlement news. Settlement news took this stock out of the double digits.... more settlement news will put this in the $2s permanently.
Posted by Incite on :
9:23AM Patriot Scientific notes stay in Calif. court judgment (PTSC) 1.495 : Patriot Scientific (PTSC) says the U.S. District Court of Northern California has stayed the declaratory judgment actions recently filed in that court against PTSC and the T.P.L. Group, a co that jointly owns chip patents w/ PTSC, by major Japanese hardware manufacturers including Matsu****a, Panasonic, J.V.C., Toshiba, and some N.E.C. entities. Further proceedings in the California actions were stayed pending outcome of T.P.L.'s earlier-filed action against those same companies in the U.S. District Court in the Eastern District of Texas. Co says the ruling clears the way for the Texas court, which it says is known for fast patent rulings, to take the lead in judging TPL's broad-based I.P claims. Co also says the Calif. court ruling halts procedural maneuvering by the manufacturers. PTSC notes that Fujitsu entities, which were also defendants in the Texas action, have recently purchased a PTSC license and have been dismissed from the Texas and California actions. Co also notes that Intel and AMD purchased PTSC licenses last year, and that since the start of 2006, Hewlett-Packard, Casio Computer and Fujitsu have purchased PTSC system licenses. http://finance.yahoo.com/mp#ptsc Posted by just_25 on :
back up to 1.75, I say we close around 1.83
Posted by Repoman75 on :
1.75? We're at 1.65. We'll close in the low 1.70's
Posted by Danny12345 on :
wow it's still early in the morning. Talking about closing so early already?... Posted by Repoman75 on :
Well you know, have to make predictions.
Posted by just_25 on :
my charts playing games with me, sorry...
Posted by AR on :
The Patriot Scientific Annual Shareholders Meeting will be held on April 28, 2006 at 10 a.m in the Veranda Room, located in the Clubhouse at La Costa Resort & Spa in Carlsbad, Calif.
Posted by Repoman75 on :
We have found a new support it appears... no more picking up cheap shares unfortunately.
Posted by stockvaper on :
Low volume. I think everyone is just holding until the next license agreement. We'll see what that brings to the table.
Posted by flyingpenny on :
HE-5 Resources, Corp. Appoints President Mar 20, 2006 12:33:00 PM NEW YORK, NY -- (MARKET WIRE) -- 03/20/06 -- HE-5 Resources, Corp. (OTC: HRRP) is pleased to announce the appointment of Louis Veilleux to the position of President. He will assume responsibility for managing the production start-up of the mines to be acquired by the Company. In particular, he will oversee the assessment and exploration of the Nevada and California mining projects upon the closure of these acquisitions. In addition, he will head the Company's exploration team and work closely with the geologists at the mining sites.
Mr. Veilleux brings more than twenty-five years of management experience, much of it acquired as a project manager in the mining sector and chemical industry. He has managed various exploration programs worth over $10 million for mining companies. In addition, Mr. Veilleux spent several years managing projects for Power Corporation and Owens Corning. Mr. Veilleux will be taking a hands-on approach in his role as President of the Company and thus will be moving near the mining site in Nevada after the acquisition currently under negotiation is completed.
Posted by Repoman75 on :
Why are you posting that here??
Posted by just_25 on :
Well, this was to be expected today w/out new news. But, we should see the quarterly results very soon, my guess last week was we would see them sometime this week. That is only a speculation, the company did not return my email regarding the subject. I am currently trying to allocate funds to up my position in PTSC, after all we have only 5 confirmed license agreements and over 145 to go. The last PR PTSC released is a good indication of what this company has to gain. If the court rules in favor of PTSC, which all indications point to, we should see a large number of agreements signed immediately, as companies listed in the lawsuit try to avoid further legal representation costs. The next point of interest all of us holding long can smile about is the cash dividends we all have coming our way. The first dividend of .02 and the next of .04 will net all of us holding some nice chump change, just for holding in my opinion, an incredibly undervalued stock. GL to all those long and short
Posted by Repoman75 on :
Pleeeeeeeeease drop to 1.40 so I can buy 20K shares... I have dry powder finally!
And I don't think we will see 145 settlements... a lot of the other companies in the 145 are subsidiaries of bigger companies, therefore, we may only have a dozen or so big settlements.
Posted by just_25 on :
1.40 is my magic number too, 20k shares would bring you a nice return by EOY. I hope to up my boat to 15k shares if we drop to the magic number. Maybe stockvaper will give us some charitable donations:) Thanks for the refresher on the settlements, I assumed they would not bring subsidaries of bigger companies into the suit, because the parent company would be ultimatly responsible anyway. Oh well, still a lot of $ coming to PTSC, especially from the companies who fight the court battle all the way.
Posted by just_25 on :
unusually low volume again today, could be a lot of holding going on until the next agreement or 8k results.
Posted by jb247 on :
Don't take it off your RADAR screen guys... a solid PR could hit AT ANY TIME. Remember, we could see an 8k, or a new license agreement SOON!!!
Posted by Repoman75 on :
Please please please keep tanking... please.... $1.20 would be Xmas in March.
Posted by jb247 on :
quote:Originally posted by Repoman75: Please please please keep tanking... please.... $1.20 would be Xmas in March.
LOL... I don't think it'll go that low. Maybe in the low 1.40s/high 1.30s, but not back to the 1.20s...
Posted by jb247 on :
... and don't get caught with your pants down when that PR hits!!! You don't want to be chasing this one, because it's gonna FLY!!!
Posted by Repoman75 on :
I get my dry powder April 1st... please God, hold out until then!
Posted by MickeyG on :
When is this PR expected anyway,any time table?
Posted by Repoman75 on :
Nope. We have 2 big PR's on the horizon. One is the 8-K from the Casio / Fuji settlements. The other, more long term, is the court case in Texas.
A third could be other companies settling but that probably won't happen until after the TX case.
Posted by MickeyG on :
What are you expecting the stock to go to?
Posted by Repoman75 on :
Well, after the 8-K, my guess will be around $2. However, if the Texas court settles in PTSC's favor, that opens the floodgates for settlements. I think $5 - $10 within 6 months to 1 year after that verdict.
Posted by MickeyG on :
I know i am asking a lot,but what is this 8-K and when is it taking place?LMK,thanks.Also where do you get the info on this company?
Posted by Danny12345 on :
lol I wish it sink a little so I can get in . Been waiting forever here.
Posted by Repoman75 on :
8-K is a financial document released by companies to illustrate financial changes to a company. The 8-K from PTSC will show how much Casio & Fuji paid PTSC in royalty fees to use their patented technology. No idea when they will be released.... it's up to PTSC.
Posted by MickeyG on :
I saw that you said $1.40 is a good point to get in,but if you get in now you really think it is still going down?
Posted by MickeyG on :
REPO take a look at NXTI,volume is low and has been slowly climbing in price.2nd week of april that are announcing revenues that they made.I know that they exceeded what they expected and it will go much higher in april,but for now just a slow rise.Just take a look I am not pumping this stock.This is just for the advice you are giving me,thanks.
Posted by Repoman75 on :
I'll take a look at NXTI, thanks.
I say an entry point is good now. I only say 1.40 because I really don't see it going lower than that, if it even reaches 1.40. Plus, I don't have my big block of cash yet ready... so I'm hoping no news comes out over the next 2 weeks. It seems that we've built support at 1.49 so I doubt it drops much lower unless bad news comes out.
Posted by MickeyG on :
1 last question,how do we know that the decision will be in ptsc's favor and why would the price go down if this is so bright for the future,thanks.
Posted by Repoman75 on :
We don't know the decision will be in favor of PTSC. The only inclination we have that it will be is that AMD, Intel, HP, Casio and Fuji decided to settle instead of going to court. If they knew they could win, they would have went to court instead of settling. The defendents in the latest case are Toshiba, JVC, and one other Japanese company... again, could go against PTSC, but I'm banking on it going forward. Also, TX is known to rule in favor of those companies whose patents have been infringed.
As for the price decreasing, you have to understand that this was a .20 stock less than 1 month ago. And it is a BB. Without news, daytraders and flippers become disinterested and it may drift south. Plus, those people who bought in at low prices may cash out some shares. It won't plummet, and I doubt we'll ever see below 1.40.
Posted by just_25 on :
FYI... This is the email I reveived back from PTSC investor relations rep.
Dear I.R. Representative, I am a shareholder and was wondering if you could give me a time frame as to when we can expect to see the next quarterly results released? Regards,
Richard,
The next earnings filings (10Q) should be filed sometime in the second or third week of April.
Regards,
Ken AuYeung, Hawk Associates Inc.
This was a shock to me.?. I was unaware that the 8k was already released, unless the 10Q is the same thing? Either way, that is another month, I hope PTSC has another agreement to release. If we see no news we might dip as low as $1, which in my opinion would be ok, since I plan on loading up more shares at these prices. But, on the other hand, the lower we go, the harder it will be to reach 2, 3 and 4 as quickly as we all would like. IMO these next couple days/weeks will be the last time we see $1 prices, so I am loading up. We also have cash dividends coming to all those on record as of Mar 31, so we should see a push forward next week regardless if a pr comes or not, as traders try to get in on the .04 pps cash dividend. What are everyone elses thoughts?
Posted by Repoman75 on :
Why is this a shock? The 10Q is not the same as the 8-K. The 10Q is a quarterly update of the overall financial picture of the company. The 8-K gives updates on specific events that impact the company's cash flow.
No way we hit $1. There is massive support around 1.20, and around 1.39. I hope we do stay around the 1.40 mark for just 2 more weeks.
Posted by MickeyG on :
what happens after 2 weeks?
Posted by Repoman75 on :
I get much dolares to invest in this stock.... MUCHO.
Posted by just_25 on :
Got it repo, that makes sense now. So we should see the 8K for the two agreements just signed first and then the 10Q around the middle of Apr, right? Isn't the 8K overdue then? I hope we stay low until you can get your fill, but any news is going to send us up, up ,up again. Why so long till your funds are available?
Posted by Repoman75 on :
I can't really talk about why my funds won't be available until then...
However, yes, the 8-K is overdue. My guess is they are probably settling MORE companies and will put them all in 1 8-K. And you're right about news.... please, no news yet!
Posted by MickeyG on :
Why do you not want new yet repo?
Posted by just_25 on :
because news, especially the 8K would send us well into the $2+ range.
Posted by Repoman75 on :
Exactly.
Posted by MickeyG on :
OK,so what is the latest date you think this 8-K is coming out?
Posted by Repoman75 on :
No idea.... my guess would be before the 10Q in late April..
Posted by Repoman75 on :
Damn, dropped all the way down to 1.37.. now back up to HOD.
Posted by just_25 on :
I saw, maybe some are anticipating news tomorrow. PTSC always releases pr's between 9am and 9:30am. I failed to pull the buy trigger at 1.40 cause I thought we would see 1.30. Stupid greed
Posted by Repoman75 on :
Yep.. news is coming I fear. I hope you all loaded up in the 1.40's like I said. MM's went fishing for shares this morning.
Posted by MickeyG on :
got some at $1.43 repo.hope it flys!
Posted by Repoman75 on :
Nice one Mickey. Good trading.
Posted by MickeyG on :
Don't forget that NXTI up 20% this week,and when earnings report comes out 2nd week of april it will go much higher.Guaranteed.I know that the earnings were phenomenal.
Posted by Repoman75 on :
I'm radaring NXTI..but it has low volume and a big spread. Risky to get into with big money.
Posted by MickeyG on :
Next, Inc. could be the next sportswear juggernaut outfitting top athletes and weekend warriors alike. Over the last year NXTI has significantly increased and expanded its customer base and completed two strategic acquisitions.
A dominant player in the field, NXTI is a creative and innovative sales and marketing organization that designs and markets licensed and branded promotional products and sportswear products in the United States.
Some of NXTI’s customers include: Pontiac, Hummer, Cadillac, GMC, Ford, Chrysler, Walter Payton, Professional Bull Riders, and over 200 major colleges and universities.
The high-growth sportswear and promotional products industry generates approximately $18 billion in revenue on an annual basis. It is also a rapidly growing industry that has more than tripled in size over the last ten years.
Home to a strong fiscal-strategy, NXTI is on target to achieve strong double digit year-over-year revenue growth. In October, NXTI reported record results for the third quarter ended August 31, 2005. Third quarter revenue jumped 39.44% to $8.4 million; net income came in at $103,444.
Year-to-date, NXTI saw its revenues soar 29.62% to $17.8 million. The company also reported a net income of $20,529; a significant improvement over the net (loss) of $(318,666) reported in the same prior year period.
Over the last few months, NXTI announced it signed a new licensing agreement with Legendary Sports for the Legendary Notre Dame Quarterbacks.
NXTI recently reported the hiring of Robert Budd as its new CEO and expects to report a double-digit sales increase for fourth quarter of 2005, and a 24% increase in net sales for fiscal year 2005 compared to fiscal year 2004.
With regards to the company’s current share price, CEO Robert Budd noted, "I'm very optimistic going forward. We are re-organizing sales and operations management, and I anticipate a one time financial inventory write down in the fourth quarter due to our re-focusing management on profitability and inventory turnover. In addition, we've identified several areas where we can substantially cut costs and increase productivity.”
“The first quarter of 2006 should also show a sales increase over first quarter 2005. The company has been able to show excellent revenue growth over the past several years, and we are confident that we will be able to generate larger, more consistent earnings from that revenue," he added.
Posted by just_25 on :
If you want to post pr's of NXTI, start a new post topic!
Posted by MickeyG on :
I have been talking to repo about this,he helped me so i am helping back,no need for your post.
Posted by Repoman75 on :
Again, radaring it... maybe I'll pick up a thousand shares.
Posted by just_25 on :
I am aware of your conversations, but you can send him a private message if you don't want to start a new topic. People come to this post topic to read about PTSC, not a pr of your favorite pick.
Posted by rob_seller on :
THIS WILL TANK TOMORROW...
Posted by just_25 on :
why is that rob?
Posted by rob_seller on :
Cause REPO is involved... Thats what happens when he is around a stock
Posted by shall143 on :
PYST has the potential of becoming the next PTSC. Nice uptrend forming, lots of buying at thhe ask and has been accumulating over the past week and a half. Breakout to the upside any day now.
Posted by Repoman75 on :
Please keep your garbage stocks (PYST) to their own threads Mr. Mario Pino.
Posted by rob_seller on :
AGAIN... DID u guys notice how this REPO%%$*......dosent keep his mouth shut
Posted by Repoman75 on :
You gonna shut it for me boy?
Can
Posted by rob_seller on :
I think People need to know that u have issues and u need to seek help...
Posted by just_25 on :
I think rob was waiting to buy at lower prices and then we shot up today. I think we might see news tomorrow, if we do, were poised to see $2 again. I wish I would have bought more at 1.40 today, oh well...
Posted by just_25 on :
Good morning everyone, up almost 10% yesterday with no news. MM's and others might be loading up in anticipation of the next pr... JMO
Posted by Repoman75 on :
They did load up. They went fishing during the day and grabbed some shares from the weakhanded... oh well... a few more weeks until financials hit.
Posted by stockvaper on :
Good Article -------------------------------- Embedded in a variety of consumer products like these are computer processors that Patriot Scientific of Carlsbad says are based on proprietary technology By Bruce V. Bigelow UNION-TRIBUNE STAFF WRITER
March 24, 2006
Something weird happened last summer at Patriot Scientific Corp. The company made money.
Since the technology developer was launched in San Diego in 1987, Patriot had always lost money. Its quarterly losses were as predictable as the daily commuter traffic tie-ups in Sorrento Valley.
As a corporate ne'er do well, Patriot financed its operations for some 18 years by issuing millions of shares of stock, which usually traded over the counter for pennies a share. The company has about 427 million shares outstanding, including warrants, options and convertible bonds, according to filings with government regulators.
But Patriot's outlook began to brighten last spring, and these days, the biggest question appears to be just how bright Patriot's future may really be.
“Right now, you're talking to a company that 60 days ago had stock trading in the 12 to 14 cents range,” said David Pohl, a lawyer and board member who became Patriot's chief executive in June. Yesterday, Patriot's stock closed at $1.60 a share, a 14 cent gain in bulletin board trading of more than 6.2 million shares.
So what happened?
After spending some 15 years trying vainly to commercialize various technologies, Patriot moved in early 2002 to generate revenue instead by licensing its proprietary technology to other companies.
Advertisement The company focused in particular on technology for a specialized computer chip dubbed “Sh-Boom,” which Patriot acquired in 1994. Patriot concluded that a group of patents covering the Sh-Boom microprocessor design represented a fundamental innovation that had been absorbed throughout the semiconductor industry. The industry just didn't realize it.
Patriot moved to correct that oversight, initially by filing a series of patent infringement lawsuits in early 2004 against some major Japanese computer makers. The company also sent letters to some 150 other companies, notifying them of potential infringements on Patriot's patents.
Patriot, which is now based in Carlsbad, revised its strategy last year by forming a joint venture with the TPL Group, a Cupertino firm that specializes in intellectual property licensing. Patriot withdrew the patent lawsuits it had filed against the Japanese computer giants, and TPL filed new cases on behalf of its joint venture with Patriot.
“I think of this as the business model of the new millennium,” said Mark A. Lemley, a professor of law at the Stanford Law School who specializes in intellectual property and patent law. A number of other firms, such as Forgent Networks, Acacia Research and Rambus are pursuing similar strategies, Lemley said.
“Ten years ago, there was one guy who was making a living doing this – Jerome Lemelson,” Lemley said. “Now there are certainly dozens that are actively trying to make a living at it and probably hundreds more in the wings.”
The motivation is clear.
This month, the maker of BlackBerry wireless e-mail devices agreed to pay $612.5 million to NTP, a private patent holding firm in McLean, Va., to resolve a long-running patent dispute. The case threatened to shut down BlackBerry service nationwide.
A similar high-profile case is scheduled for arguments before the U.S. Supreme Court next week between auction giant eBay and MercExchange, a networking-systems developer. A federal jury found in 2003 that eBay had infringed on MercExchange patents related to its “Buy It Now” feature, which lets shoppers buy items at a fixed price, without participating in an auction.
A rising tide of such cases also has prompted Congress to consider patent reform legislation.
“Hundreds of patent infringement cases are pending against computer software and hardware manufacturers,” Emery Simon, a lawyer for the Business Software Alliance trade group, said in testimony last year before the House Judiciary Committee. He argued that the problem has become endemic in the technology industry.
Stanford's Lemley said the patent reform bill proposed by Congress raises broad concerns for inventors, however, by restricting the legal power they now have to shut down patent infringers and by limiting their monetary damages.
“The problem is, how do you distinguish between the people who are abusing the system and the people who are making legitimate use of the system?” Lemley said.
At Patriot Scientific, Pohl maintains the BlackBerry case bears no resemblance to the business strategy his company has been pursuing in recent years.
Patriot's goal is not to litigate, Pohl said, but to negotiate with other technology companies for the licensing rights to a group of related patents held jointly by Patriot and TPL.
Patriot settled on this course after nearly getting derailed in the patent litigation it initiated in 2004.
Patriot had acquired its patent rights to the Sh-Boom chip that were tied to Russell H. Fish, a Silicon Valley engineer. But Fish was only one of two inventors who developed the Sh-Boom chip. TPL held the rights from the other co-inventor, Charles Moore.
Patriot initially claimed to be the sole owner of the significant patent claims. But the company was no match for TPL, Fish said in a recent interview.
“TPL just out-maneuvered, out-bluffed and out-poker-played them,” Fish said. “It was really amateur hour, but that's the way it tends to be with these penny stocks.”
During the dispute, Pohl and other members of Patriot's board stepped in to fire the New York law firm that was handling the patent litigation. They also replaced Patriot's chief executive and chief financial officer.
“At some point, the executive committee decided their views were at odds with management as to the desirability of combining the interests of Patriot and TPL,” Pohl said. “Ultimately, the negotiations resulted in a joint venture being put together. Then it was decided that a change in management would be prudent for the company.”
Under terms of the joint venture, Patriot also wisely decided to let the TPL Group oversee the chore of patent licensing and litigation.
In regulatory filings last year with the Securities and Exchange Commission, Patriot disclosed that it had reached two licensing agreements with major chip makers. Intel agreed to make a one-time, lump-sum payment of $10 million to license the technology. AMD reached a similar deal for roughly $3 million.
Patriot later disclosed that Hewlett-Packard had reached a similar lump-sum deal for $10 million.
In recent months, Patriot announced it also has reached licensing agreements with Fujitsu and Casio, although the value of those deals have not been disclosed.
None of these deals requires royalties or other types of recurring payments, but Pohl sees no shortage of revenue.
“There is such a mother lode out there to be mined that this doesn't concern us at the present time,” Pohl said.
The patents are valid through 2015, he added, and the joint venture has identified hundreds, if not thousands, of products that potentially infringe. Aside from desktop computers, notebooks and servers, Pohl said the list includes digital TVs, portable media players, DVD recorders and players, cell phones, microwave ovens, dishwashers, medical equipment and even automotive electronics.
The potential licensing revenue could be substantial, although Stanford's Lemley said the value of the deals disclosed by Patriot so far appear relatively minimal. He suggested the deals are being struck close to the “nuisance value” of the litigation itself.
“The thing about patent litigation is that it is extremely expensive – typically $5 million per side in legal fees,” Lemley said.
In any case, the revenue generated so far has enabled Patriot to show a profit in its fiscal 2006 first quarter – for the first time in 18 years. The company reported net income of more than $4.4 million, or a penny a share, for the three months ended Aug. 31. The company also listed more than $11.8 million in assets on its balance sheet.
As a result, the company paid a cash dividend this week of 2 cents a share to qualified shareholders. In its announcement last month, Patriot said the move was “virtually unprecedented among Microcap stocks” – referring to companies with a total market valuation of less than $250 million.
“We have $17 million in cash and five employees,” Pohl said. “So why not do something that has hardly ever been done before by a microcap. Let's distribute some of this cash to our shareholders.”
The dividend also amounted to a broad signal to the market that Patriot has crossed the line into profitability.
Earlier this month, the company announced plans to do it again. The company declared it will pay a cash dividend – this time 4 cents a share – to qualified shareholders of record as of March 31.
Such moves have spurred investors to push up the price of Patriot's stock. With the price now at $1.60 a share, Patriot isn't a penny stock any more – and with the company's market valuation close to $500 million, Patriot is no longer a microcap.
Posted by just_25 on :
There are a lot of great reports surfacing about PTSC. I hope they can live up to everyones expectations. They need to do two things from my point of view to bring this stock to its full potential. 1. Use these patent infringement suits and license agreements to gain AS MUCH CAPITAL AS POSSIBLE. 2. Utilize the new money for growth and expanding opportunities for revenue.
If they can accomplish these two things we will all be very happy campers EOY. No pr's or 8K this week like I thought, next week should be prime for one or both, not to mention the cash dividend payout on the 31st. The 10Q quarterly earnings report is due out the 2nd or 3rd week in Apr, so these next couple weeks should be very exciting and profitable indeed! See everyone next week.
Posted by wallymac on :
PTSC is playing this very nicely. PR about the dividend and the court case. Nothing new since. One week left until end of 1stQ. This week we get a PR restating the Dividend with the Ex-date of 3/29/2006, date of record is 3/31/2006. We will see some buying monday and tuesday.
Remember the Divy won't be paid until the end of April. I wonder why? Because the money from the Casio and Fujitsu deals won't come in until after April first to go on next quarter's business.
April is going to be a huge month.
We have 8k's for Casio & Fujitsu. Hopefully done seperately. Will have financials show profits. Dividend and possibly more licensing agreements.
This is no April Fool's joke it's for real buckle up.
Posted by Repoman75 on :
No news hopefully before the 2nd week of April... but I agree with you Wally. $3, here we come.
Posted by MickeyG on :
Repo,when the divedend gets paid out on this stock will it go down?
Posted by just_25 on :
looks like no news today... That's good for Repo. Hopefully we see some buys for the dividend
Posted by Repoman75 on :
Yep, there will be a price adjustment by .04 on ex div. date
Posted by MickeyG on :
when is that date?
Posted by Repoman75 on :
I believe it is tomorrow.
Posted by stockvaper on :
Maybe the MM's are done shaking the tree for awhile...
Posted by Repoman75 on :
It's amazing what a base we have at 1.55 here.. I'm looking to buy large again next week.. but was hoping for 1.40, even 1.30. Guess I'm not going to get it. EVERYONE is anticipating good news and is unwilling to sell.
Posted by stockvaper on :
They're also holding for the dividend.
Posted by Repoman75 on :
True! Hopefully, there is a selloff afterwards and we drift for a week or so.
Posted by crappybob on :
I just bought in today. I hope it goes up on tuesday. if I get over 5% I would be happy.
Posted by Repoman75 on :
Sheet... 5%? I personally guarantee it..maybe not tomorrow, but in the next 3 weeks.
Posted by crappybob on :
What do you have to do to get the dividend? I bought today, do I have to hold till the 31st to get the dividend? I think I will hold this stock at least until the next 8K's come out. Should be pretty easy money I hope.
Posted by Repoman75 on :
No, you don't have to hold. Once you are on record, you can sell, but remember, they adjust the stock price per the price of the dividend.
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
![[Eek!]](eek.gif)
WHOA....this stock is on fire.... ![[Cool]](cool.gif)
![[Frown]](frown.gif)
. I wish I could have waited another day.
![[Smile]](smile.gif)