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Jul 20, 2007 05:20AM

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Jul 20, 2007 06:42AM
Hi greeneyes and all,
I always said, this "holocom"-deal will be great (in our german MB I call "Holocom" the future "FRPT of IT"...

Ok, here is, who is owned and how much:

1. PTSC and Scripps Ventures jointly hold Scripps Secured Data (SSDI), former Holocom Networks ("The buyers are Scripps Ventures, Inc., a 

California merchant bank, and Patriot Scientific Corporation through a jointly owned 

company, Scripps Secured Data, Inc. dba Holocom Networks.")

 

2. Patriot owns the complete Preferred Stock of SSDI, equaling 45% of the capitalization ("Patriot agreed that it would transfer the Holocom assets and $140,000 to Scripps in return for all of the Preferred Stock of SSDI (constituting approximately 45% of the outstanding capitalization of SSDI)").


3. Holocom Networks HAD two "productlines":

- the "secured pathway systems"

- and a joint venture (where they held 60%) for "multi-domain computer"


4. The "secured pathway systems" is today the business for SSDI, dba Holocom Networks.


5. The "multi-domain computer"-business was planned to be reduced to a 10% interest.


6. According to today's news this JV has changed its name to DataSecurus, LLC (formerly Holocom Multi-Domain Computers, LLC) - and SSDI holds 22% (and not 10% as planned).


I don't know, if it's the same in the US as in Germany, but it makes a huge difference regarding the power in the company, if you hold 10% or more than 20% in a company.


What I find interesting or, to be honest, somehow strange: Why does the Pilot Power Group have the expertise to support the DataSecurus products? They are an Energy Service Provider, seems to be quite different from computer business...


GLTA and looking forward to the next weeks!


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