"If I own 10% of something, sell part of it and still own 10% then I guess that I must have owed more the 10% to begin with (numbers rarely lie)? "
That's exactly my point.
I'm almost sure, Swartz didn't accept only 9.99% in exchange for the money he gave...remember, he had all the PTSC-patents as a loan (I hope this is the correct word) until 2005.
With two entities under his control he could own nearly 20% (including warrants), as long as he accepted the voting control for only 9.99%.
Anyway, this is HISTORY!
But it shows, which hard way Patriot had to go the last two years, getting rid of this burden (though there is no doubt, they needed Swartz in the dark times...)
Let's look forward and hope, we'll get some news before/at the SHM.
GLTA
