I`ve thought about the dividends, what if PTSC made a deal with S and L to buy back the warrants, but promised them dividends that would make their existing ones almost free.
Makes sense to me.
Also I believe in todays PR there was a hint about no more diviends for a while. Makes sense that the S/L promise was satisfied.
Everything else is still the same and I don`t believe in any merger, Period !
Just my thoughts.