Based on a warrant
posted on
Mar 13, 2007 09:47AM
reduction from 53mil. to 29 mil. in 9mo., my guess is that the next 10q should show aprox. 24 mil. warrants. Minus 7mil from SB-2 would leave S/L with 17mil. It's a little higher count per month than we were going to buy (2mil mo.)warrants from S/L directly, but I think from time to time PTSC is sitting there on the open market, in buyback mode, purchasing the S/L sells at the ask. Today's barrier at .67 was too large. Don't think we were there or not for long anyway. Plus rest of markets are crumbling today. If this has been their strategy it has worked to keep things pretty stable even with news events and has kept traders away. imo.