No prob Moxa... I'm not for sure this could be done either.. but that does not mean it can't. Assume (many months ago) Swartz (aka Lincoln) holds <10% retail and 70 mil warrants left (assume he already converted ~30 mil warrants and sold appropriate number shares to remain <10%- pure cash pocketed). He knows how valuable the MMP patents are (assumes litigation is a lock).. knows how much more valuable [his] PTSC shares would be if there was no warrant overhang, and actual investment firms could consider accumulation.. but, he does not want to give up hold of all those remaining warrants he has (getting rid of all them sharply reduces his free divy income). So he decides to convert warrants, but needs to sell a near equivalent number of retail shares inorder to stay under that 10%... but at the same time he has entities buying shares of PTSC on the open market and hiding them (this is the part I am not sure is possible, but guess is it could be done) so he does not have to file with the SEC because his 'holdings' remain under 10%. If he were converting/selling with one hand and buying with an unknown under-the-table third hand at the same time (we won't go where his second hand is), his cost would be nill, no? In theory.. He could have converted and sold tens of millions of shares in the 1.25 - 2.00+ range (pure profit).. then decided to do the 'retain a certain %' of all the next warrants converted.. leaving some for new retail, and past &/or future MMP licensees, whomever... all the while keeping his registered retail shares and increasing his hidden retail shares.. perhaps to as much as 70 - 80 million(?) total. Actually, the share price probably wouldn't be affected much by this convertion/sell/buy by Swartz (and at this point Swartz probably doesn't care what the price is since he would be swapping & holding onto those new shares), unless retail began to tire of the up one down two routine and began buying less and less.. or also began selling on news.. or got nervous as the MH/ruling approached.. then the price could possiblly drift down as we have witnessed.....

This obviously is pure speculation on my part, and probably is not what is taking place.... but it would explain where all those warants went, and Swartz not actually dumping, and retaining major divy cash, while still allowing him to pocket a profit to the tune of $20 - 30 mil, and increase his 'retail' holdings waiting for the day investment firms are convinced PTSC is legit/safe & begin to seriously buy in.

If one assumes Swartz & Lincoln are clearly diff parties then just cut my numbers in half

jmo/spec & reagards