to 1,375,000,000 shares.. (That's over 1 billion so your numbers are just wrong)

So it's just not true.

Also most of the stcok they got was in warrants My recollection is that there was an initial loan of 3.2 million in the late 90

s early 2000 and then through the grifforn fiasco another 3 to 4 million was drawn down.

At no point did S or L have 55 million in debt out to PTSC

goto the SEC filings and see for yours self