I am again in utter disbelief at PPS for LNGT. I've been reading up on the last few hundred posts and it doesn't sound like anything has changed - except the PPS.
Unfortunately, I got people into LNGT at .14/share and I think they're about to kill me! LOL
I suspect UBS is holding the funds as long as they can in hopes their stock price rebounds soon. With all the bad press of record foreclosures, banker corruption, multi million dollar fines and stock price dropping in half, etc. they aren't willing to release $1/2 Bill in cash to Wolk or anyone else without delaying as long as possible. Can you imagine the interest Wolk is loosing while they hold his money? Might result in yet another heavy fine for them. JMO