Patriot Scientific Corporation (OTC:PTSC) Continues to Climb Up

by Nelly ShishkovaJan 13, 2012

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Patriot Scientific Corporation (OTC:PTSC, PTSC message board) is on the progressive move these days. Yesterday, the stock price rose up 17.86% and PTSC managed to trade 1.7 million shares on the market.

The reason for the massive trade could be only one - the series of positive news on the company.

The announcements have been released regularly throughout this month, which influenced PTSC stock price. The latest news came out just yesterday when the company reported their success in overcoming attempts to challenge the MMP
Portfolio.

The news provoked investors at once and the stock price climbed higher. Though, whether it is an uptrend or a short-term gain is too early to be seen.

Patriot Scientific Corporation provides data sharing and secure data solutions. As of Aug 31, the company's cash position looks strong, however, both the net loss and the liabilities have not been covered.

The management stated that cash shortfalls will have an adverse effect on their liquidity. Nevertheless, the company's liquid cash resources are expected to provide the funds necessary to support their operations through at least the next twelve months. Though, it is highly unlikely that PTSC would be able to obtain any additional sources of financing to supplement their cash and short-term investment position.

Besides, in the event of a continued decrease or interruption in MMP Portfolio licensing, PTSC will incur a significant reduction to its cash position as the revenues from its PDSG subsidiary are insufficient to cover the costs of their operations and the costs of Patriot Scientific Corp as a whole.

http://www.hotstocked.com/article/27762/patriot-scientific-corporation-otc-ptsc.html