I'm not discounting it.... but I do think its posturing.. THe way he said something to the effect of... "We can't approve this until they've gone extra far to ensure it's safe" was kind of a softball thing inviting them to respond that they have. I know he did say "they haven't yet"... but even then... they haven't given all permits, so it's kind of true. It just struck me as a fence-riding kind of thing. Enough where a constituent would be happy... but not a ton of meat there.
I mean.. either it gets approved or it doesn't... I just think that his letter isn't a huge concern. On the plus side, 600 comments isn't overwhelming, and the acknowledgement that the legislation wouldn't apply to us is good. On balance, a fairly neutral piece that possibly explains some of the price drop.. but doesn't necessarily indicate to me a drop in the chance of approval.
I'm not thrilled about the lack of info about Chase (why bring it up at all?) and I'm not thrilled about being late with filings (Now, if EVER, is a good time to get them done timely)... and I'm not a fan of the recent tweet about the stock price... which is a penny stock PR move and not what you usually see from a serious legit company.
I have those issues, but still trusting the process. TO me, there's no chance that he made it up, and they'll certainly tell us when they can.. so my only concern is the size of the deal, rather than any concern over whether there is one or not.
Anyway... good luck to us all. Lot of big things potentially coming.
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