News flash Gloria....shareholders' patience with you, Carl and Cliff is exhausted. Your definition of a holding company pretty much sums up the definition of Patriot Scientific, therefore why not practice what you preach to TPL. Why isn't Patriot functioning with a staff of 1-2 and reducing its monthly and annual expenses as well as reducing payments of outlandish salaries and fees.

From Felcyn Declaration 12-16-13

5. The Committee’s patience with the Debtor is exhausted. Debtor is primarily a holding company since all of its licensing is farmed out to his wholly owned entity, Alliacense Limited LLC, and all of its litigation is being handled by two outside law firms. As a holding company, it can and should function with a staff of at most 2 persons. Yet it continues to employ 7 or 8 persons and refuses to reduce its monthly and annual operating overhead expenses, and ongoing payments of outlandish salaries and fees to Dan Leckrone, his children, the executive team and related entities.

http://photos.imageevent.com/banos/tplbk1216172013/Declaration%20of%20Gloria%20Felcyn%2012-16-13.pdf