Patriot Scientific Corporation (OTC:PTSC) exhibited a significant increase in the stock demand on an obscure end-of-day rally during Monday’s trading session.57% gain on a rally was set in motion by termination of reexamination on their patent for high performance microprocessor (control number 90/009,457). The company didn’t present any PR relating to this matter and news spread unofficially, mostly through message boards.
The gains on share price could extend during the week, though some people are concerned that this development will be shadowed by management’s decision making ability.[BANNER]
The company’s business is torn apart by lawsuits with their mutual partner Technologies Properties Limited LLC, against which Patriot filed a $1 million lawsuit for an unpaid promissory note. Lawsuits from the Technology side were also filed in the past.
In addition to finding it hard to cope with the business partner, PTSC is also failing to make the business profitable and show a very slow progress on their go-to-market strategy for the Crossflo DataExchange solution.
The rally is likely to turn out a short term excitement rather than a sustainable price increase. Similar price gains were recorded in the past and all the progress slowly went down the drain afterwards. The company has all it needs – capital, strategy in place and nearly marketable product, but inside problems have to be solved first.
