My only complaint with King is his inattention to shareholder need for information. Call it handholding or call it shoring up support, but Peregrine clearly takes us for granted.
It is easy to confuse need with want. Things are held very close to the vest right now, but all needed information has been communicated IMHO
pphmtoolong, I actually prefer this kind of 'cold' approach by PPHM then like Eastman Kodak's CEO that buys shares and a few months later files for Chapter 11.
I also think that indeed you don't make a deal now if you are going to have a strong stick when SUNRISE unblinds (unless you make the deal under the very BEST assumptions and just wait for confirmation).