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Message: Those having a solid understanding of financials

Those having a solid understanding of financials

posted on Oct 29, 2009 12:24PM

According to the Toshiba website, the FY2009 Q2 Results is scheduled for October 30, 2009

If there is more to the MOU, then perhaps, something will be reflected in their quarterly results. Or, perhaps the event, if any, hasn't taken place as of yet.

Also remember that Rick Goerner stated in his April 4, 2009 letter to shareholders

Patriot takes very seriously its requirements for full SEC compliance with respect to all matters of corporate governance and disclosure. In fact, Patriot has broadly pursued voluntary releases of information beyond the SEC requirements this past year. For example, the release of all my shareholder letters, the announcement of both the Iameter and Vigilys asset purchases and even the release of individual MMP license signings are not required disclosures under SEC regulations. Patriot, under the guidance of its SEC counsel, has taken all steps deemed appropriate to insure transparency with respect to its business activities.

So if the grant, at some point becomes a license signing (aka purchase of license) PTSC is not required to disclose it....however, to insure transparency one would expect them to disclose such an event

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