Ever since it became fairly clear we were heading to the pinks, my theory has been that the low PPS for IDLM would be right around the pink deadline. I was surprised yesterday when you found that Finra date in July (subsequently changed). While I was hopeful Frasier would get the numbers and 8-A out by that longer-than-expected deadline, I was also partly disappointed because I figured the uncertainty might cause the PPS to keep sliding.
Rip that bandaid off, I say! LOL
Actually, there might be some buying coming in now that this is a done deal. (Sort of the mirror image of "buy the rumor, sell the news")