2 Milliarden $: Patriot Scientific gegen intel

steigende Kurse bei geringem Volumen.

Ich gehe jetzt ins Wochenende, Dir schöne, freie Tage

Abenteurer

in den USA steigt der Kurs und hier ist nichts als Schweigen.

gibt ja auch nichts zu berichten oder?

www.agoracom.com/nonmemforum/...?id=479683&refid=0&orig=479683

Subject: Any thougths regarding a letter....
From marc
PostID 479683  On Monday, May 22, 2006 (EST) at 3:20:52 AM

--------------------------------------------------

I received from one of my brokerage houses?

On Saturday I received a letter from Wedbush Morgan Securities, who I maintain a small retirement account with. In that account I hold some of my shares of Patriot.

The letter informed me that :

''Individuals representing themselves as the authorized persons to receive shareholder information on behalf of various issuers requested lists from ADP containing shareholder name, address and number of shares'' of PTSC held in my account..... ''It was later determined that these individuals were not authorized to receive the information. Upon detection, ADP contacted the FBI, which is conducting an investigation.''

The letter goes on to tell me that although they sent my account information to this party (?) they did not send out my social security number (gee thanks).

The letter ends with the following warning, ''Please be particularly cautious regarding any contact or solicitation referencing this security .....''

I should note that the only security in my account these ''individuals'' asked ADP about were the shares of PTSC that I hold at Wedbush and did not request information about other securities in the same account.

Has anybody out there had a similar letter and warning or does anybody have any idea what is going on?

I would appreciate any input into this matter.

marc

secfilings.nasdaq.com/filingsCompany.asp?Fuzz=N&SchPa…  

Das sind auf den ersten Blick keine guten Nachrichten. 22 Millionen neue Aktien auf den Markt, AMD hat seinen Anteil verkauft.

Ich steige immer noch nicht dahinter, was das zu bedeuten hat. Wenn ich es richtig verstehe, dann bekommt PTSC auch nichts von dem Geld, was durch den Verkauf der Aktien eingenommen wird.

Doch ich muss erst noch etwas analysieren.....sollte jemand einen Idee haben, her damit!

Grüße Abenteurer

verkauft hat, macht mir weniger Sorgen – die 5 Prozent mehr Aktien dagegen schon. Wer bekommt das Geld. Warum neue Aktien, wo doch vor nicht all zu langer Zeit ein Rückkaufprogramm angekündigt wurde?

Ich bin erst mal ratlos.

Verkaufen werde ich noch nicht, der Finger liegt aber am Abzug.

Viele Grüße Abenteurer

The Selling Shareholders and any broker-dealer that acts in connection with the sale of common shares may be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any commissions received by such broker-dealers and any profit on the resale of the common shares sold by them while acting as principals may be deemed to be underwriting discounts or commissions. Because the Selling Shareholders may be “underwriters” within the meaning of Section 2(11) of the Securities Act, the Selling Shareholders will be subject to prospectus delivery requirements. Selling Shareholders also may resell all or a portion of their common shares in open market transactions in reliance upon Rule 144 under the Securities Exchange Act, provided they meet the criteria and conform to the requirements of such Rule. SELLING SHAREHOLDERS  Selling Shareholders The following table sets forth certain information with respect to the Selling Shareholders as of February 28, 2006. Except as set forth below, none of the Selling Shareholders currently is an affiliate of ours, and none of them has had a material relationship with us during the past three years. None of the Selling Shareholders are or were affiliated with registered broker-dealers.  

								Amount and Percentage of Common Stock After the Sale
Name		Beneficial Ownership of Common Stock as of February 28, 2006				Maximum Number of Shares of Common Stock Offered for Sale		Number		%
Caplan, Stan		2,904,096		(6)		1,147,751		1,756,345		____%
Daniels, Richard		3,795,862				3,795,862		-		____%
Gabourel, Victor		4,757,604		(1)		2,566,602		2,191,002		____%
Hawk Associates		2,422,496		(2)		1,222,496		1,200,000		____%
Mt. Savage Productions		1,000,000		(3)		1,000,000		-		0%
Opperman, Wayne		1,526,725				1,526,725		-		0%
Nunes, Daniel		2,100,000				500,000		1,600,000		____%
Zolin, James & Josephine		2,545,206				2,425,006		120,200		____%
Technology Properties Ltd.		3,700,000		(4)		3,500,000		200,000		0%
AMD Corporation		4,500,000		(5)		4,500,000		-		0%

(1)	Includes 180,000 shares of common stock issuable upon the exercise of issued warrants.

 

(2)	Frank Hawkins has ultimate voting and/or investment control over the securities owned by Hawk Associates. This amount includes 100,000 shares of common stock issuable upon the exercise of warrants dated March 1, 2006.

 

(3)	Includes 1,000,000 shares of common stock issuable upon the exercise of warrants. Elwood G. Norris has ultimate voting and/or investment control over the securities owned by Mt. Savage Productions.

 

(4)	Includes 3,500,000 shares of common stock issuable upon the exercise of warrants. Daniel Leckrone has ultimate voting and/or investment control over the securities owned by Technology Properties Ltd.

 

(5)	Harry Wollin, General Counsel and Senior Vice President of AMD has ultimate voting and/or investment control over the securities owned by AMD Corporation.

 

(6)	Included in this number are 193,548 restricted shares that were issued on March 23, 2006.

dass TPL wohl 3,5 Mio seiner 3,7 Mio Aktien verkaufen will. Und die werden ja wohl noch eher Einblick in die Lage bei PTSC haben als AMD.

Warum muss PTSC überhaupt anstehende Verkäufe melden? Ist das nach dem US-Recht Pflicht? Muss der Verkäufer sich dann vorher bei PTSC melden?

Ist schon alles sehr merkwürdig bei dem Laden...

auch wenn der Kurs in US gemacht wird, würde er hier heute morgen stark gesunken sein, wenn die Nachricht bei den Analysten negativ angekommen wäre. Schließlich sind die ja auch bei uns nicht blöd.

die Amis pennen noch - warte mal 15.30 Uhr ab.... dann wissen wir mehr...
B.

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A), MAY DETERMINE. CALCULATION OF REGISTRATION FEE 

Title of Each Class of Securities to be Registered		Amount to be Registered		Proposed Maximum Offering Price Per Unit (3)		Proposed Maximum Aggregate Offering Price		Amount of Registration Fee
Common Stock, $0.00001 par value (1)		17,204,442		$0.84		$14,451,731.28		$1546.34
Common Stock, $0.00001 par value (2)		4,980,000		$0.84		$4,183,200.00		$447.60
TOTAL		22,184,442				$18,634,931.28		$1,993.94

(1)	Shares of the Registrant’s common stock, $.00001 par value per share, are being registered for resale on behalf of certain selling security holders. The common stock being registered was issued to the selling security holders between February 3, 2004 and March 23, 2006.

 

(2)

Shares of the Registrant’s common stock, $.00001 par value per share, are being registered for resale on behalf of certain selling security holders. The common stock being registered is issuable to the selling security holders on their exercise of warrants which were issued from April 26, 2004 through March 1, 2006.

 

(3)

Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(c) under the Securities Act of 1933, as amended (the “Act”), based on the average of the closing bid and asked prices for the Registrant’s Common Stock (the “Common Stock”) as reported on the OTC Electronic Bulletin Board on May 12, 2006.

 The information in this preliminary Prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission (SEC) is effective. This preliminary Prospectus is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. SUBJECT TO COMPLETION; AS FILED WITH THE SECURITIES ANDEXCHANGE COMMISSION ON MAY 19, 2006
P R O S P E C T U S
PATRIOT SCIENTIFIC CORPORATION
THE OFFERING
The resale of up to 22,184,442 shares of common stock in the over-the-counter market at the prevailing market price or in negotiated transactions. We will receive no proceeds from the sale of the shares by the Selling Shareholders. TRADING SYMBOLPTSC (Over-the-counter Electronic Bulletin Board)
THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK.Please refer to Risk Factors Beginning on Page 1
THE SECURITIES AND EXCHANGE COMMISSION (SEC) AND STATE SECURITIES REGULATORS HAVE NOT APPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES, NOR IS IT THE SOLICITATION OF AN OFFER TO BUY THESE SECURITIES, IN ANY STATE WHERE THE OFFER OR SALE OF THESE SECURITIES IS NOT PERMITTED. Please read this Prospectus carefully. It describes our company, finances and products. Federal and state securities laws require that we include in this Prospectus all the material information that you will need to make an investment decision. We have not authorized anyone to provide you with information that is different from that which is contained in this Prospectus. PROSPECTUS SUMMARY About our Company Patriot Scientific Corporation was organized under Delaware law on March 24, 1992, and is the successor by merger to Patriot Financial Corporation, a Colorado corporation, incorporated on June 10, 1987. Our address is Carlsbad Corporate Plaza, 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011, and our telephone number is (760) 547-2700. Our home page can be located on the Internet at www.ptsc.com. We develop, market, and sell microprocessors, our technology upon which the microprocessors are based, and complementary products which enable computers and other data processing devices to communicate. These products can be used to connect to the Internet or other telecommunication networks. We also have a patent for technology which, if fully developed, may allow radar to be used to penetrate the ground or structures to find various objects. Our strategy is to exploit our microprocessor technologies through product sales, licensing, and strategic alliances and to litigate against those who may be infringing on our patents. We believe our financial resources are sufficient to support our operations during at least the next twelve months. Warrant Shares We Are Registering We are registering 4,980,000 shares issuable on the exercise of warrants issued between April 26, 2004 and March 1, 2006. Additional Shares We Are Registering We are also registering 17,204,442 shares that are issued and outstanding. Key Facts 

Shares being offered		22,184,442 (6.13 % of our shares currently outstanding as of April 17, 2006)
Total shares outstanding prior to the offering as of February 28, 2006		349,336,560
Total shares outstanding assuming completion of the offering		354,316,560
Total shares that would be outstanding assuming exercise of all outstanding options and warrants		423,829,628
Price per share to the public		Market price at time of resale
Total proceeds raised by offering		None.
Dividend policy		Patriot declared its first dividend on February 14, 2006 and another dividend on March 9, 2006. The Board of Directors may declare additional dividends in the future with due regard for the financial resources of Patriot and alternative applications of those financial resources.

RISK FACTORS Before purchasing any shares of our common stock, we urge you to carefully consider the following discussion of risks as well as other information contained in this Prospectus. The following are what we believe to be all our material risks. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations. PLAN OF DISTRIBUTION  After the effective date of the registration statement of which this Prospectus is a part, each Selling Shareholder will be free to offer and sell his or her common shares at such times, in such manner and at such prices as he or she may determine. The types of transactions in which the common shares are sold may include transactions in the over-the-counter market (including block transactions), negotiated transactions, the settlement of short sales of common shares, or a combination of such methods of sale. The sales will be at market prices prevailing at the time of sale or at negotiated prices. Such transactions may or may not involve brokers or dealers. The Selling Shareholders have advised us that they have not entered into any agreements, understandings or arrangements with any underwriters or broker-dealers regarding the sale of their securities. The Selling Shareholders do not have an underwriter or coordinating broker acting in connection with the proposed sale of the common shares. The Selling Shareholders may effect such transactions by selling common stock directly to purchasers or to or through broker-dealers, which may act as agents or principals. Such broker-dealers may receive compensation in the form of discounts, concessions, or commissions from the Selling Shareholders. They may also receive compensation from the purchasers of common shares for whom such broker-dealers may act as agents or to whom they sell as principals, or both (which compensation as to a particular broker-dealer might be in excess of customary commissions). PATRIOT SCIENTIFIC CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) Number of Shares of Common Stock Into Which the Debentures May Be Converted. The debentures were initially convertible into shares of common stock at conversion prices that ranging from approximately $0.02 to $0.10 per share. The debentures contain provisions which allow for the conversion rate to be reset on a periodic basis based on a comparison of the market price of the Company’s common stock to the conversion price of the debentures. On those measurement dates where the market price is less than the conversion rate, a new conversion rate is set based on a weighted average of the market price for the ten days prior to the reset measurement date. As of May 31, 2005, the reset conversion rate on debentures outstanding range from $0.02 to $0.04. Warrants. Concurrent with the issuance of the convertible debentures, the Company issued to the debenture holders warrants to purchase shares of the Company’s common stock. These warrants are exercisable for five years from the date of issuance at either initial negotiated exercise prices or prices equal to 115% of the volume weighted average price for our common stock for the ten days previous to the debenture date. The warrant exercise price is generally subject to being reset on each six month anniversary of its issuance, however, if the warrant holder elects to have the warrant shares registered, then the exercise price is fixed at the price in effect on the date of the election. Options to Purchase Additional Debentures. Subject to the price of the Company’s common stock being equal to or greater than $0.20 per share and a two year limitation, the debenture holders may purchase additional debentures equal to the value of their initial debentures. The price at which the optional additional debentures may be converted would initially equal 115% of the volume weighted average price for the Company’s common stock for the ten days previous to the date on which the optional additional debentures were closed. The optional additional debentures would carry the same warrant amounts and reset privileges as the initial debentures.  Shareholder Approval. The Company may currently issue more than 20% of our outstanding shares under the convertible debentures. If the Company were to become listed on the NASDAQ Small Cap Market or NASDAQ National Market, then it must get shareholder approval to issue more than 20% of our outstanding shares. Currently, shareholder approval is not required.  Restrictive Covenants. For a period of 18 months from the date of issuance of the debentures, the Company is prohibited from entering into certain transactions. These include the issuance of any debt or equity securities in a private transaction which are convertible or exercisable into shares of common stock at a price based on the trading price of the common stock at any time after the initial issuance of such securities; the issuance of any debt or equity securities with a fixed conversion or exercise price subject to adjustment; and any private equity line type agreements without obtaining the debenture holders’ prior written approval. Additionally, so long as the debentures remain outstanding, the Company cannot declare or pay dividends without the debenture holders’ approval.  Right of First Refusal. The debenture holders have a right of first refusal to purchase or participate in any equity securities offered by the Company in any private transaction which closes on or prior to the date that is two years after the issue date of each debenture.  Registration Rights. Except for one debenture issued on March 23, 2004, the Company is responsible for registering the resale of the shares of its common stock which will be issued on the conversion of the debentures. As of May 31, 2005, there have been six registration statements (designated A through F).  Security Interest.  The convertible debentures are secured by substantially all assets of the Company.   

Die Aktien von AMD waren, das weis ich sicher „restricted shares“ – diese müssen, wenn die entsprechende Frist ausläuft und sie verkauft werden sollen, der SEC also den Aktionären gemeldet werden.

„The resale of up to 22,184,442 shares of common stock in the over-the-counter market at the prevailing market price or in negotiated transactions. We will receive no proceeds from the sale of the shares by the Selling Shareholders.”

Die Aktien waren autorisiert und können nun auf dem freien Markt und / oder direkt verkauft werden. Wohl gemerkt: können.

Es handelt sich bei diesen 22,18 Mio. Aktien also nicht um neu ausgegebene Aktien, sondern um alte „restricted shares“ die jetzt verkauft werden dürfen. Die Halter haben sich vorsorglich den Verkauf dieser Anteile genehmigen lassen.

Was bedeutet das? Für mich gibt es nur zwei mögliche Erklärungen:

1. Entweder strömen jetzt 22,18 Mio. Aktien in der nächsten Zeit auf den Markt und drücken den Aktienpreis damit für einige Zeit.

oder

2. Es kündigen sich gute Nachrichten an, man will darauf vorbeireitet sein Kasse zu machen.


Ich habe entschieden nicht zu verkaufen. Die Chancen stehen, dieses Filling betreffend, 50/50, und selbst wenn die schlechtere Möglichkeit von beiden eintrifft, kann ich keine fundamentale Veränderung an der Geschichte entdecken.

Das TPL seine Aktien verkaufen will ist in der Tat interessant – kann man aber ebenso in beide Richtungen auslegen.


Hoffen wir das Beste,

Abenteurer

" Ich habe entschieden nicht zu verkaufen. Die Chancen stehen, dieses Filling betreffend, 50/50, und selbst wenn die schlechtere Möglichkeit von beiden eintrifft, kann ich keine fundamentale Veränderung an der Geschichte entdecken."

genau so sehe ich das auch und werde auch nicht verkaufen

Man hatte vorher nichts über die genauer Höhe dieser gesperrten Aktien finden können. Diese wurden zwar an z.B. AMD (1995) und TPL (2005-2006) ausgegeben, zum Teil und im Fall von TPL auch als Optionen und / oder „restricted shares“, doch die Fristen bis aus diesen gesperrten Aktien, frei handelbare Aktien wurden, waren uns Aktionären bisher nicht bekannt.

Jetzt ist diese Frist abgelaufen. Die Bekanntgabe, dass die Möglichkeit besteht, und jetzt diese  Aktien auf den Markt kommen könnten, wurde mit dem Filling (Form SB-2) vollzogen.

Nichts als ein bürokratischer Akt.


Abenteurer

Diese wurden zwar an z.B. AMD (2005) und TPL (2005-2006) ausgegeben, zum Teil und im Fall von TPL auch als Optionen und / oder „restricted shares“, doch die Fristen bis aus diesen gesperrten Aktien, frei handelbare Aktien wurden, waren uns Aktionären bisher nicht bekannt.


muss es heißen....

Es gibt nichts zu berichten. Den Quatsch von W.O. braucht man nicht zu kommentieren. Ein Quartal ohnen Abschlüsse steht ins Haus - nun, ich bin darauf vorbereitet.

Grüße Abenteurer

und stimme Dir zu, einfach mal abwarten, zwischendurch sollte es für ein gutes Süppchen reichen ;-).

Gruss
MB

zwar hat sich an der sache nicht wirklich etwas geändert, aber mein kontostand hat sich jeden tag verändert!
ich sehe nur noch rot :(   :)
naja ich bin halt viel zu spät reingegangen!
aber ist ein guter thread! danke für die guten infos und die positive stimmung hier!!viel glück noch an alle patrioten...

ragingbull.lycos.com/mboard/boards.cgi?board=PTSC&read=143766

Hawks answer to SB2 from Agora board
I emailed Frank Hawkins a day ago about whether the authorized shares are necessarily getting ready to being sold...

Here is his answer:

Von: Frank Hawkins [mailto:fhawk@##############.com]
Gesendet: Montag, 22. Mai 2006 23:47
An: Simon LXXX
Cc: Ken AuYeung; Cale Smith; Julie Marshall, Investor Relations

''Simon, good to hear from you. The document you are referring to is an SB-2 registration statement. The highlights are that the company is registering 22 million shares including 1,200,000 shares controlled by Hawk Associates. Although the document refers to ''selling shareholders,'' it does not mean that any of the stock will be immediately sold. But it does convert the 144 stock to free trading. Thesanswer to your question about Hawk is we have no intention of selling any of these shares, certainly not at these prices.''

Frank N. Hawkins, Jr.
Chief Executive Officer

Hawk Associates Inc  

bei 80 Cents. Aber die erwarteten oder ersehnten News stehen noch aus.

zwar bei geringen Umsätzen! Ein gute Zeichen. Anders gesagt, der Flaschenhalseffekt wird schon noch für Überraschungen sorgen.

Viele Grüße Abenteurer

Aktienoptionen zum Preis von 0,70$ gezogen.

Das kurz vor dem Jahresabschluss.

Ich denke das ist ein sehr positives Signal und die Kursentwicklung der letzten Tage lässt vermuten warum.

Das Tal der Tränen scheint durchschritten und an alle die die Nerven bewahrt haben

einen schönen Tag

greetz joker

www.sec.gov/Archives/edgar/data/836564/...45X02/v041703_ex.xml

www.sec.gov/Archives/edgar/data/836564/...45X02/v044541_ex.xml

www.sec.gov/Archives/edgar/data/836564/...45X02/v044543_ex.xml

www.sec.gov/Archives/edgar/data/836564/...45X02/v041703_ex.xml  

Immer schön langsam aber sicher nach Oben. :-)