This isn't my area, so may be wrong, but:
from Turley's letter:
"Patriot Scientific Corporation, its directors, officers and employees are obligated to observe the confidentiality provisions of the settlements and will limit any comments or statements solely to references to the wording of the joint press release or statements that matters between the parties to the litigation have been settled."
Yahoo Insider Listing:
http://finance.yahoo.com/q/ir?s=PTSC.OB
Individual/Entity |
Most Recent Trans. |
Shares Owned as of Trans. Date |
FALK HELMUT JR Director |
Option Exercise 7-Aug-07 |
2,503,231 7-Aug-07 |
FELCYN GLORIA Director |
Option Exercise 14-Sep-07 |
489,700 14-Sep-07 |
GIFFHORN LOWELL Director |
Disposition (Non Open Market) 28-Feb-06 |
57,948 28-Feb-06 |
JOHNSON CARLTON Director |
Option Exercise 16-Jan-07 |
275,000 16-Jan-07 |
POHL DAVID Director |
Option Exercise 28-Aug-07 |
1,882,846 28-Aug-07 |
TURLEY JAMES LEE Director |
Option Exercise 11-Dec-06 |
75,000 11-Dec-06 |
|
Based on this info I don't believe Swartz is an insider. Good luck to you, me, us, and all longs.