I very much agree,
The only major difference being that I'm on the pessimist side of the fence versus your optimism.
I don't think George can git 'er done.
That's not because I have any hate for George nor that I hope FINRA rules against him. I just think it's the reality of the situation.
It's not a case of him not working hard enough or not throwing enough money/lawyers/accountants at the problem. I just don't think there is anything he can do to resolve the issue of the missing filings.
They may seem like a trivial issue, as has been voiced by plenty of ihubbers, but unfortunately it's only FINRA's opinion that counts in the end. And they may well have very good reason to stand fast. Those filings were from an era with bad actors aplenty and FINRA certainly is aware of that. Who knows? Maybe there is even some type of still-open file/inquiry/investigation from that period that the filings could bear on that they have been waiting for all this time. That is just conjecture on my part but perhaps something like that is why the issue is not just "water under the bridge" or "ancient history with no relevance today". Or maybe they just want a full filing history on the record. Either way, they make the call and no amount of whining by ihubbers will change that.
At one point I think a case could be made for having shares in advance of news, absolutely. As of now that sure seems like a gamble with low odds; I know you're cool with that. Personally I think a much better play might be to wait for actual concrete happenings for the better and keep that cash in hand instead. Just in case the happenings never come and there is eventually a race for the exit. Although George seems to be trying the slow gentle let down perhaps.
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