The vast majority of their warrants had been repriced to 1.5 cents those that weren't were probably still priced under a dime or even a nickel.. How many have they converted/sold.. 80 mil ?? At prices anywhere from 50 cents to what $2+? Add to that the divys... the ability to short...

S&L have reaped enormous profits (even after taxes) riding the PTSC gravy train (perhaps I have one too many 'e's in that sentance)

Mr Pohl.. By all means conclude the warrant conversion... I agree with it. Then let the retail holder finaly begin to profit. As we know S&L will still hold, what, 41 mil shares by then... I think they will still do ok as we move forward.

-Also, what will Mr Carlton Johnson's status be once S&L no longer hold warrants?

Regards