Also, remember that the PPS must be at $1 starting 28 February and hold for 10 consecutive business days, BY the 16th deadline. So, less time than most people think.
To clarify, when I said I agree, I meant that a run of 10% is possible but I am not saying it will happen. It could run a bit if they announce that they received an extension, but that will fade if good earnings/JV news doesn't follow.
If they are granted an extension and they fail to release good news the PPS will drop to where people feel a RS will set the PPS.
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