Milestone:

I see the footnote number 7 to which you are referring, but as you have noted the math does not make sense, if warrants have been repurchased by patriot Swartz and Lincolns holdings should have decreased, but they have not

.....S&L's holdings have been close to the 9.9% ownership level (and from my understanding this did not include warrants) prior to recent selling activity, while they still had millions of warrants available to convert.  It was necessary for them to sell shares in order to convert warrants. 

 .....The math does make sense if the warrants were in addition to the reported shares outstanding.  I can only believe, from what I have read over the last several years, that they incorrectly stated that the warrants were included in the reported shares on the filing.  If this wording was correct it would significantly reduce the number of shares S&L had available and would be a positive to the stock.

Looks to me like we need further clarification.