Lim... from the 2-10-06 PR

http://www.ptsc.com/news/press_relea...

To facilitate the conversion of the debentures, agreements between the Company and Lincoln and Swartz which prohibit each of Lincoln and Swartz from owning more than 4.99% of the Company's Common Stock will be amended to allow them to own up to 9.99% of the Common Stock. With their holdings exceeding 5% they will need to make appropriate SEC filings upon future dispositions of the Company's stock.

I guess I want to know if this is a correct statement or not?

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As S&L are selling/converting I want to know why they have not had to file the appropriate forms with the SEC.. S-1s or whatever.... How are they doing this?? Anyone..

--Is this obvious to all, and am I again the only one too obtuse to see the obviousness of it??

Help again...

..and thanks