Your P/E calculation relies solely on assets in a jointly held company? You do know what the E stands for in P/E, right? I don't care what CNBC might say, that is not P/E.

You say 2? How about a PE of infinity?

The Company's net loss of $1.5 million during the current quarter includes losses of $0.3 million from its equity investment in Phoenix Digital Solutions, the joint venture owned by the Company and the privately-held TPL Group, and $0.6 million in non-cash charges associated with a write-off of goodwill.

http://patriotscientific.com/index.php?option=com_content&task=view&id=269&Itemid=29