I don`t know if they would have expired but I do know that series F, which was almost all of the unconverted debenture we had left, would have matured on March 26, 2006. I`m not quite sure what that means...could use some help if anyone knows???? I think it means that if Patriot would have waited until then they could have just paid back the debenture plus any interest due? Instead S/L is converting series F and a bit remaining in series G for approximately 10.5M common shares. This ,however, doesn`t make up the 5% they are claiming in the press release that they would hold so I assume they have been converting warrants into common shares just below the 5% level to avoid and SEC filings already. It`s going to be interesting to see how many common`s they held prior to this conversion.

IMO S/L are going to be even more difficult to get rid of now that they smell blood. They have been raping us for so long and continue to do so in every deal we attempt to make with them. Last deal to release our IP collateral and eliminate 12M W`s cost us 35M W`s repriced at .015 and now 7M new warrants to get rid of the remaining debentures and 13M net W`s.

I applaud DP for at least getting the ball rolling on cleaning up this mess LG left behind. Honestly he surprised the crap out of me with his actions! Schwartz will always get the best of us until he is completely gone. As bad as it sounds I don’t even believe S/L are beneficial to us as longs with all the free shares they have.

Regradless we are looking real good and with a few more Licensing agreements we should be able to get rid of these two for good and buy back quite a few shares as well. Lets first get rid of all the outstanding warrants!

Lim - 50DMA .1151 200DMA .1153 we are so close!

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