Finally, Patriot has some unique antenna technology. Actually, it uses gas plasma that can both generate transmission waves and act as an antenna. It s smaller and more efficient than conventional antennas, with military and other potential applications. The government has helped with research money, but this technology needs still more work and the company is looking for a partner in this field while it concentrates on its other projects. Cash has always been tight and still is.
Management intends to raise some money, but at higher stock prices.
Meanwhile, cash flow from current sales should be enough to fund operations. That s just on the basis of business currently in sight. The stock is a true speculation, but it s selling at only a quarter of this year s high and it s even further below last year s peak. Any substantial order for the microprocessor should put PTSC a lot higher. The stock trades actively, but not always in large volume, and there is more of a spread than we like to see between the bid and asked prices.