Good morning.

"On Februry 28, 2007  Lincoln Ventures had 32,248,173 shares, of which 23,845,100 were warrants. 7,000,000 warrants are being purchased by PTSC. This gives a maximum holding for S&L of 25,248,173 shares. Obviously, 16,845,100 warrants have since been converted(on a cashless basis?)thereby further reducing the holding."

http://www.agoracom.com/ir/patriot/messages/574250

It is impossible to determine the holding of S&L without further information simply because it becomes guesswork as to what was done with the shares from the warrant conversions and any other shares held by them.

You then ask, "who owns 8%?" I suggest that it is the holding of S&L as contained in public/filed records. Turley would be guided by the consequences of releasing "insider information" were he to disclose anything other than that which is public knowledge. With 2 million warrants purchased, this reduces S&L's potential holding to 30,248,173 shares, less any shares used in a cashless conversion. I do not believe that there is currently any person or entity holding 8% of the issued stock.

Be well