Does anyone remember this ???
posted on
Jan 17, 2008 09:51PM
1. Notice that PTSC's purchase of stock in the open market was done so while there was DOWNWARD pressure on the stock price.
2. at 44 cents Turley indicated that teh SP is SUBSTANTIALY UNdervalued. This 9.27 is a,lmost a full month after close of business 8/31 and only 2 weeks prior to earnings.
3. likewise during this period Turley was able to purchase the warrants at reduced prices.
MAYBE HE's NOT as DUMB as everyone out there makes him out to be.
Maybe some of the bashers on this board are actually WORKING for Turley trying to get teh stock price depressed
CARLSBAD, Calif., Sept 27, 2007 -- Patriot Scientific (OTC Bulletin Board: PTSC) announced today that the company has recently purchased shares of its common stock on the open market.
Patriot Scientific President and CEO Jim Turley said, "Patriot Scientific, which is a highly profitable company with no debt and approximately $22 million in cash on hand at the end of FY 2007, is by any reasonable measure that I know of substantially undervalued. The company's common stock is trading well below what we would regard as an appropriate multiple of earnings. We have taken advantage of this decline in the price of our stock to purchases shares at a price we deem to be strongly in the interests of our shareholders."
9-Oct-07 0.47 0.47 0.45 0.46 453,200 0.46
8-Oct-07 0.47 0.48 0.45 0.47 739,200 0.47
5-Oct-07 0.48 0.48 0.47 0.47 701,700 0.47
4-Oct-07 0.44 0.48 0.44 0.47 525,900 0.47
3-Oct-07 0.45 0.45 0.44 0.45 512,400 0.45
2-Oct-07 0.49 0.49 0.44 0.45 1,163,500 0.45
1-Oct-07 0.49 0.49 0.47 0.48 1,225,300 0.48
28-Sep-07 0.41 0.48 0.40 0.47 2,245,700 0.47
27-Sep-07 0.39 0.40 0.37 0.39 941,400 0.39
26-Sep-07 0.41 0.42 0.34 0.38 3,289,000 0.38
25-Sep-07 0.42 0.43 0.41 0.41 267,400 0.41
24-Sep-07 0.43 0.43 0.41 0.43 518,800 0.43
21-Sep-07 0.43 0.44 0.42 0.43 733,300 0.43
20-Sep-07 0.44 0.45 0.43 0.44 553,800 0.44
19-Sep-07 0.45 0.45 0.44 0.44 401,500 0.44
18-Sep-07 0.45 0.45 0.45 0.45 242,000 0.4