The warrant buyback program is based upon an agreement which calls for a structured series of warrant redemptions over a period of several months, beginning in February 2006. ``Under the terms of this agreement we have the right but not the obligation to redeem up to 2 million warrants per month,`` Pohl continued, ``and we are pleased to have negotiated a redemption price that is equal to each applicable volume weighted average monthly trading price for Patriot`s shares less the exercise price for the first 10 million warrants covered by this agreement.`` The price and terms applicable to the redemption of the other 10 million warrants will be determined by mutual agreement of the parties. http://finance.yahoo.com/q/hp?s=PTSC.OB&a=01&b=1&c=2006&d=08&e=8&f=2006&g=m. The way I see it PTSC could have spent about 10 million on the first 10 million warrants (average last eight months .98). The other 10 million warrants we don`t know if they reached a MUTUAL agreement... Let``s hope they have retired all 20 million.