Drift, I gotta beleive anything he is telling you is for a reason...good, bad or selfserving (most likely). Any way you slice it, there are big troubles apprantly and the pipe group is taking advantage of the situation, retail s/h's be damned....it's what they do, it's all they can do...or worst case, it was their plan from day 1 (or at least as soon as they realized that pandey's mess was deeper than expected)...in which case it immediately became their back-up/failsafe plan.
worst investment situation I have ever been party to.
Hit the ask early and often!
TRAZ