As to your argument that the Trustee would be "derelict" if he "bet" on a positive outcome - if that were so cut and dried, what's the point of waiting until August 31? Whatever is done by then has no value whatsoever unless it results in eventual approval.
So if that chance is enough to wait for, the extra few months where a decent chance exists for approval would be very appropriate. It would, IMO, be really derelict to cut bait prematurely.
And by the way, a '47 Packard hood ornament is probably worth more than MZEI will be without approval.
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