``If PTSC can repurchase all warrants, we should be under 400 million, maybe 390.``
If what you hope for is correct, is the stated 20% for 20,000,000 warrants erroneous?
On February 3, 2006, the Company agreed to redeem 2,000,000 warrants for $252,420 and has recorded a liability for that amount at February 28, 2006. Payment for the redemption occurred in March 2006.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-06-016018&Type=HTML
The action by Patriot Scientific to retire the debentures and to also buy back what could amount to approximately 20 percent of the company`s total outstanding stock warrants at this juncture was driven by the same impetus that has guided other strategic reorganizational moves that began in 2005.
http://www.agoracom.com/nonmemforum/msgreview.asp?id=501780&refid=501777&orig=501705
If 20,000,000 warrants is approximately 20 percent of the outstanding warrants, that still leaves 80,000,000 warrants outstanding.
The total outstanding could therefore be up to 98,000,000 if there have been no further redemptions.
http://www.agoracom.com/nonmemforum/msgreview.asp?id=501812&refid=0&orig=501812
Be well
