On this you are correct. There is actually a very wide variation of approval times for these applications, something I once was fairly familiar with. Anyone who had any sense and broadened their search time frame would see very clearly this decision could range from 2 months to over two years. The mid-June time frame talked about here, I always think was a bit reckless - the main reason being is that when that date comes and goes and there is no approval it will inevitably unsettle many investors and they will grow restless. I think this is going to go the right way for investors here, but do not be a bit surprised if we push into the fall and quite likely even into the holiday season with no word yet. I anticipate it will be worth the wait. Patience will be rewarded and investors should know that mid-June is a very "eager" estimation and not at all certain, and in fact, quite unlikely.
GLTA.
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