Based on the warrant coversion history vs. the number of shares traded to date it makes total sense that all the warrants have been long coverted.

It appears that S&L are most probably selling their core position into the open market. That's another 40 million shares that have been coming at us.

After all, S&L's business is NOT to own shares of a penny stock. Their business (a very profitable one) is to loan shark money to struggling upstarts.

My gues is that they are taking the cash out of PTSC and puting it into what they know.

GLTA.......other explainations welcome.