Consideer this that I posted earlier today (Sat):

I saw nothing "bad" in the rest of the letter. It's
all good. And, BTW, I firmly believe Fish is getting
an all-cash settlement.



The only thing that bugs me is the lack of any mention
re: OS warrants. I believe this was intentional (duh),
and when we do hear about it, it'll be a dead issue
(i.e., all gone).



As for the timing of the release of the letter, the
only logical explanation I can come up with was that
it was orchestrated to enable S&L to dump a whole
bunch of shares to enable the conversion of a like
number of warrants. If this is the correct
explanation, as in my last novel, the move was
brilliant.



I've recently suggested that PTSC could possibly make
the bold move to offer S&L a significant (e.g., 20%)
premium to buy out the OS warants from S&L. This
delayed letter release move may have in large part
essentially accomplished the same result (for S&L),
with no out-of-pocket to PTSC. Who else would be
"selling the news" with such vigor, bringing us back
down, when the news had even hit yet?



But, as always, I KNOW nuttin'! This is just what
makes the most sense to me, with the presumption that
S&L is compelled to get rid of the warrants now to
enhance their longer-term stance.



SGE