This was posted by Wolfpackvolt on Oct 18 2009

BTW he was banned for posting it..

(Do you see any cause why he should have been banned for posting facts.)

--I didn't see any cause either,,--When I first read it in '09',,and NOW on re read.--.

On May 2, 2000, the Company (PTSC) entered into an investment agreement with Swartz Private Equity, LLC. (Owned by Eric S. Swartz) The investment agreement entitles it to issue and sell its common stock for up to an aggregate of $30 million from time to time during a three-year period starting June 23, 2000, the effective date of the registration statement. Eric S. Swartz holdings in PTSC Stocks and Warrants through Lincoln Ventures, LLC ballooned to $82,730,918 mil as of January 28, 2005. On August 5, 2001, Patriot Scientific Corporation appoints Carlton M. Johnson as Director of PTSC. Mr. Johnson currently serves as legal counsel for Roswell Capital Partners, LLC (Owned by Eric S. Swartz) and has served as legal counsel for Equiplace Securities, LLC (formerly Swartz Investments) also, owned by Eric S Swartz since 1996. David H. Pohl comes into the picture in June 12, 2005 five day’s after the TPL/PTSC/ Charles Moore Master Agreement was signed on June 7th 2005. On June 12, 2005 the BOD of PTSC terminated Jeffrey E. Wallin as the Company’s President and Chief Executive Officer and also the employment of Mr. Lowell W. Giffhorn as the Company’s Executive Vice President, Chief Financial Officer, and Secretary. David Pohl was appointed to serve as the Company’s Chairman, Chief Executive Officer and President on June 15, 2005, now during this time the Management Committee of PDS was set up to include Three managers and they consisted of Daniel E. Leckrone, (Chairman of TPL) Robert K. Neils (Independent Manager) which just happens to be the Senior Vice President of TPL. David H. Pohl, was appointed as the Third appointee, (Please note David H. Pohl was appointed by TPL) they have this statement in the Master agreement, “ A quorum of Two managers must be present at a meeting of the Management Committee to establish a quorum for the transaction of business. (Majority Vote) All actions to be taken by the Management Committee shall require the affirmative vote of at least Two of the Three managers.” All proceeds collected buy Alliacense from licensing the “MMP” is deposited to the PDS account, as you can see the fix was in. (Question) How could TPL appoint David Pohl to the Management Committee on June 7th 2005 when he just became Chairman, Chief Executive Officer and President of PTSC on June 15, 2005. On February 13, 2008 David Pohl resigned his position as chairman of the board and as a member of its board of directors, then (You guessed it) Carlton Johnson (Director) of PTSC and who currently serves as Chairman of the Executive Committee of the Board and is legal counsel for Roswell Capital Partners, LLC (Owned by Eric S Swartz) replaces Pohl as the Third member of the PDS Management team.

And this was before he was given warrants,in lieu of stock on the re-pricing fiasco..