RE: S&L Warrants 9.99% holdings confirmed. SGE1

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RE: S&L Warrants 9.99% holdings confirmed. SGE1

posted on May 04, 2006 01:02PM

http://www.secinfo.com/d11MXs.vAK5.htm

9. Aggregate Amount Beneficially Owned by Each Reporting Person

30,167,239

11. Percent of Class Represented by Amount in Row (9)

9.99%

I humbly suggest that buying back warrants is not the same as buying back shares.

As S and L have 9.99%(SEC filing cited above)any share purchase by PTSC knowingly places them in breach of their respective maximum holdings.