Let's say your at a casino and you buy 1000 in chips and then you play and cash in your chips for 2000.

Then you go back the next day and you buy 1000 in chips and play and walk away

and cash in you r chips for 5000 and then do this again

DId you buy 3000 in chips or 1000

Swarcz took the same money, that he converted into cheap shares dumped on the market as a nindirect way of cashing in his chips andn then lent that money back to PTSC

for more convertible stock and waarants that they redumprd onteh market and

continued the cycle

So SPE only "lent" PTSC about 5-6 million since that was the max outstandinglaon amount ant any 1 time.