I agree with you. GE does hold the cards. So I'm watching what he does, more than what he says. The ER was strangely, and inconveniently devoid of any forward guidance. Instead, it contained a statement about having received a subpoena from the SEC. That went over like a lead balloon, and here we are. I'd love to be wrong, but the rights offering, against the backdrop of this company's relationship with shareholders, always felt more like a carrot on a stick than an olive branch. I think it may be GE's plan to make the rights offering unattractive, so few will take advantage of it before it expires in a month. If the company is not forthcoming with positive press releases, and soon, I think it'll become clear that this was his intent. If that's the case, PPS goes up after 10/2. Again, I hope I'm wrong.
