About the last thing CEO B. needs to do is reveal his hand to the attorneys on the defense side. If he does, indeed, go to court, dockets being as busy as they are, I doubt anything will resolve sooner than a year or two years, even. And I still maintain I expect an out of court settlement. After all, nobody is served by intense court-fighting costing mounting legal fees plus court costs.
This is a time for management to keep mum and divulge nothing to anyone. This is also a time for shaky investors to depart for simpler horizons. That 30 day moratorium was not delivered to us share holders. It was a line in the sand drawn to establish the beginning of a move believed to be in PUGE's best corporate interest. "Corporate" is not a reference to us share holders.
When the time is right, I'm expecting Mr. Burckhardt will deliver news to us as appropriate, but not before. To do so would clearly jeopardize negotiations now in process if not progress.
My thinking is that some people would like to bring pressure to bear on our CEO in the hopes of moving him to answer to us according to our concerns. My bet is that he's working as hard as he can under limiting circumstances---restrained by a "quiet period" as set down by PUGE's counsel. Let's try to be supportive.
In keeping with being supportive.....I had a standing order for 100,000 shares at .009. I was going to up the ante this morning when I noticed 20,000 shares actually came through at that amount. Since I'm already being charged the commission on a partial fill, I'll let the bid stand for now. I expect my offer to expire later today and I'll reload.
