Ba,

So what does this mean? That S&L had to file a 13G because they were a > 5% beneficial owner...ok, however, they need to be a >10% owner in order to have it be made mandatory to file form 3,4,or 5 which would let us know if they are converting/selling/buying. Slimy bastards (along with our BOD...they never objected) to set it up this way to make sure they are under 10% ownership so they can trade the hell out of it without having to file form 4's. Why would they them make the statement below in a PR? The statement below seems clearly false...only >10% beneficial owners seem to have the need to file form 4's dispositions. If this is true this explains all the warrant conversions and selling pressure along the 50DMA. I always thought this was happening but wasn't quite sure how they were getting around the SEC filings...I guess it turns out that they never needed to file and were hiding below 10%...at least this is how I interpret it. Is this how you see it also?

"With their holdings exceeding 5% they will need to make appropriate SEC filings upon future dispositions of the Company's stock."