ronran
posted on
Jun 24, 2007 10:51AM
It has been their gameplan for some time to maintain a slightly
less than 10% combined ownership (which was for their benefit in
avoiding SEC reporting requirements), and until recently, that
percentage had held in the mid to high 9% range. Just by recollection,
however, and subject to correction from anyone who has more
accurate info, I believe the last report showed that the percentage had
dropped into the 8% range
As I recall in the last 10Q it was reported that S & L held 29 million shares, however PTSC also stated that a large holder had exercised warrants worth 10 million shares just after the 10Q's reporting period.
