Who owns the 630,000 Class A shares of "PTSC Sub One"?
Be aware that each Class A share converts in 5,097 and .053 shares (!) - and NOT 5,097,053!
Nicole Steinmetz = 217,000 (she: 161,000 - her husband: 56,000) = normal PTSC shares:
1 billion 106 million 164,010
Steven King = 161,000 = normal PTSC shares:
820 million 702,330
Paul Lytle = 161,000 = normal PTSC shares:
820 million 702,330
Robert Garnick = 35,000 = normal PTSC shares:
178 million 413,550
2,925982,220 shares in total:
2 billion 925 million 982,220
But who owns the Class B shares of "PTSC Sub One"?
In the fillings it's written:
"As the sole holder of the Series B Preferred Stock the INVESTOR shall receive certain registration rights and information rights, to which the Company has agreed under the SPA."
and the INVESTOR is:
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INVESTOR:
CASE WESTERN RESERVE UNIVERSITY
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IN WITNESS WHEREOF, the parties have executed this INVESTORS’ RIGHTS AGREEMENT as of the date first written above.
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PATRIOT SCIENTIFIC CORPORATION |
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| By: |
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| Name: |
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Carlton Johnson
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| Title: |
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Interim CEO |
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INVESTOR:
CASE WESTERN RESERVE UNIVERSITY
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| By: |
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| Name: |
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Michael Haag |
| Title: |
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Executive Director, Technology Management
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| By: |
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| Name: |
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Michael Lee |
| Title: |
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Treasurer |
