Are there plans for a reverse split of Patriot’s shares?
A frequent topic of concern for many shareholders has been Patriot’s plans regarding a future reverse stock split. After careful analysis of our options, and with guidance from Imperial Capital, we have determined that a reverse stock split would not be in the best interest of the shareholders in the current economic environment. I’d like to continue to emphasize that if we were to ever move in this direction, it would only be after we felt confident that our developing prospective businesses would support, and grow, the resulting share price. It has remained my objective to continually improve the quality, uniformity and responsiveness of our communications to shareholders and to the marketplace, and I will continue to look forward to your comments, feedback and inquiries. I trust this letter has provided you with additional information regarding the status of key business initiatives at Patriot Scientific. I am excited about the progress we are making toward building the new Patriot
