You starting this again? What filing? Why would that be required? As per our last discussion of this, PTSC`s latest agreement with S&L states that they are ``prohibited`` from owning more than 9.99%; ergo, the onus is on S&L to adjust their ownership accordingly. There was no limitation cited that prohibited PTSC from buying back or issuing more shares. If PTSC buys back, S&L must decrease their position accordingly; if PTSC increases the shares outstanding, S&L may opt to increase their position.

As for a filing, I can`t see where this would be necessary since, per the above, it is known/filed that S&L MUST abide by their agreement with PTSC, and that agreement stipulates that S&L is prohibited....with no stipulation that PTSC is prohibited from buying back shares (or issuing more). Bottom line FACT, there was no mention of share counts in that agreement, therefore the shares outstanding are free to flucuate.

Likewise, IMO S&L wouldn`t have to file if PTSC issued more shares and S&L opted to increase their position accordingly to maintain a 9.99% position. IOWs, in essence, it`s already filed. And I do believe that if anyone had to do a filing, it would be PTSC (the publicly owned entity) doing the filing, not S or L.

FACTS not fiction.

SGE