From the 24 July PR:

Patriot Scientific CEO Jim Turley said, "We plan to repurchase and retire these warrants in installments between now and October. At the conclusion of this transaction, we will have removed this significant overhang in our stock and substantially strengthened our financial position."

I see nothing in this that suggests that S&L will stop converting immediately. In fact, with the "we plan" intro, there is no absolute assurance that PTSC will actually accomplish this objective. Assuming PTSC is merely paying fair market value for the warrants, there is no reason why S&L should stop selling shares and converting warrants until they are all gone, one way or the other. And if S&L does continue to sell to convert, this actually saves PTSC cash.

The only message I got from the PR is that PTSC intends for all the warrants to be gone by Oct. And that is very good news. And I suspect that this will "break the dam" for a PR/stock marketing campaign to be initiated - the "pump and dump" concern will have evaporated.

Just my take, and I KNOW nuttin'!

SGE