Re: Smacker, elaborate if you will
posted on
Dec 22, 2006 03:56AM
Well, since we have not seen any S&L Form 144 intent to sell, I guess we can assume that they are not selling any shares. They can be converting warrants into stock if PTSC is not buying the warrants. Agreement enables PTSC to buy up to 2 mil warrants per month. One would assume that PTSC is buying, otherwise why set up the mechanism to do so? Would that need an SEC filing? I have no idea. One would think it would since every time PTSC buys some of those warrants, it changes the ownership picture. Anyone able to clarify this point?