"S&L were combined, as per the 13G, in many filings. I'd like to see the explanation, if you receive one."
Well, this was my thought, too, before the proxy from April came out, but IMHO (speculation!) Swartz Private Equity and Lincoln Ventures are "artificial" entities, both created by Swartz to own more shares, but without the complete power (in relation to his amount of shares).
IMHO Swartz reduced his ownership through SPE, but still owns a lot of shares - via LV.
And maybe the 5,5mio shares from SPE (as of 08/31/07) were sold since September, so the sentence of Turley 'nobody owns more than 8%' was correct, at the time (september) he said it. Because as of 08/31/07 LV and SPE own more than 8% = 9,1%.
It would be a great surprise, if I receive an explanation, to be honest, I don't expect it, though it's a material and significant issue.
GLTY