Cakes, everything you said is true except that, due to heavy dilution in the past months, the market is uncertain in which direction PEII will go. Will they release numbers or will they post more dilution in the ensuing weeks? This uncertainty is causing the pps to stall at one place.
Regardless of the uncertainty, only those will be rewarded, who risk this opportunity. There can't be a better time getting in. I don't think we shall see pps at these levels ever again. JMHO!