Re: News: Patriot Scientific Engages Strategic Equity Group to Provide Investment Ba
posted on
Oct 11, 2011 02:35PM
Exactly.
Zero chance of an IPO. That is just silly talk.
They're dumping a bad investement that they don't have the time, skill and/or will to develop. Not that it has much potential.
It always has been and always will be about the MMP. Now they need the scratch to continue to pursue the MMP so they're dumping. PDSG/Crossflo/Avot/ETC is all wasted money. Either they got too big for their britches and thought they could play VC like the big boys or, worse, they overpaid to cronies. Haven't looked into it deep enough to know which.