For a second week in row Patriot Scientific Corporation (OTC:PTSC) stock jumps up intermittently, aimed at new heights.
Yesterday, the press release related to the challenge to validate the so called MMP Portfolio resulted in a furious PTSC performance.
PTSC stock jumped 38.67% on a heavy volume, exceeding even this from the last stock stir in April.
As opposed to yesterday, then PTSC stock was plunging back on the news about the company’s complaint against Technologies Properties Limited LLC.
The subject to dispute was the breach of a promissory note contract for $1 million. The amount that PTSC will collect with respect to the above note was not determined at that time.
Last week, PTSC stock came again in sight of investors with two positive news. The first one was related to the company’s subsidiary Patriot Data Solutions Group and its collaboration with Enforsys, Inc. in the field of information sharing solutions. The second one was the strategic partnership with SRA International, Inc.
Non of the these two events was able to rush PTSC stock to the extend that the update on the above mentioned challenge to validate the MMP Portfolio did it.
The announced by the United States Patent and Trademark Office notice of intent to issue reexamination certificate for the US’336 patent was only one of the meanings of the company’s release.
Last company’s financials show that for the nine months ended this February PTSC has revenues only from licenses and services, amounting $347 K. The value of company’s revenues from the item “product sales and other” is zero.
As known, PTSC discontinued the sale of its microprocessor chips during the first quarter of last year.[BANNER]
The structure of revenues for the same period last year includes also revenues from product sales. For the nine months last year PTSC reports revenues from product sales amounting $4.2 M and revenues from license and service of $475 K.
Maybe, the second and more significant message of yesterday’s press release is related to the company’s income matters.
The chairman of the executive committee of PTSC’s Board of Directors stated, that: “Many companies have delayed their decision to purchase an MMP license on the basis of ongoing reexaminations with little regard for the risks of willful infringement and the escalating royalty rate structure of the MMP PortfolioTM Licensing Program.”
Seems that in order to increase its revenues, the company in the nearest future will rely not only on growing royalty rates, but on litigation for the non purchasing of MMP licenses.
