I actually believe that Swartz was low-balling the numbers. However, I do find it troubling that his perception may be that the high-end expectation is $4, and that this may be his pre-determined exit point.

This is a main reason I'd really like to see PTSC buy back shares from S&L NOW. I don't think it will happen, if for no other reason that S&L may have no incentive to take even 50 cents now when Swartz believes that $4 may be just around the corner. Swartz is a wild card. If he holds, we're good. If he dumps, a pop may be stunted. That's why I still see S&L's holdings as "overhang".

During the SHM, did Swartz make any statements about holding for the long term?

TIA to anybody that attended and recalls.

SGE