Searcher - I don't recall seeing your name. Welcome! I don't know how long you have followed SEVU, but they have announced a few false starts in the past. In retrospect, the deals usually came through, just not always in the timeframe originally anticipated.
While I agree with you that anything can happen with respect to POs, I wouldn't be surprised if SEVU has a pretty good handle on this one. They are really under the microscope by the amex and shareholders.