That offer was $7.5 mil & royalty-sharing..
SAN DIEGO, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) said today that the company has declined an offer from Relational Advisors LLC (http://www.relationalgroup.com ) for the sale of its critical microprocessor patents that are believed to be in widespread industry use.
Relational Advisors told the company that it represents Technology Properties Limited (TPL), Daniel Leckrone and Charles Moore in their effort to obtain PTSC ownership of patents US5809336, 6598148, 5440749, 5604915, 5530890, 5784584 and 5659703. PTSC`s management and board deemed the $7.5 million dollar offer and related royalty-sharing scheme inadequate for the intellectual property held by PTSC. The company estimates the value to exceed $1 billion.
..basically exactly what they have now depending on what the % split was in that original offer. What TPL didn`t have then was control of PTSC`s half.. the same that PTSC didn`t have control of TPL`s half.. which made the patents relatively worthless.
Would I take $3/sh in a buy out, or 50% over share price? Absolutely not.
