Fut- according to the attorneys for PTSC

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l2007s

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Fut- according to the attorneys for PTSC

posted on Sep 10, 2010 06:50PM

the Board felt that it would be preferable to have the current directors lead Patriot in the future due to their diverse mix of experience and skills, including their financial experience, experience in the semiconductor industry, experience with Patriot's legacy technology, and experience with mergers and acquisitions.

Carlton Johnson- on the board because of his relationship with Eric Swartz- prove me wrong

Gloria Felcyn- on the board because she is the trustee for the Falk trust.

Helmut Falk- on the board because of his father and not because of any other reason.

Now let’s take a look at the statement above from the attorneys:

Financial experience- Gloria is reputed to be a forensic accountant, so why is it that she never suspected that TPL’s accounting may have been questionable (before the law suit)?

Experience in the Semiconductor industry – perhaps that would be more accurately said for Schrock and Mistry but what direct experience do the other three have in the semiconductor industry

Experience with Mergers and Acquisitions- HA! That is the laugh of the day. Other than Holocom, which M&A activities have returned value to shareholders.