If he bought in 50k at .055 at one time then he needs to learn how to trade.You do not put all of your position on at one time and you can trade it everyday.
I quess some thought its .42 cents that day.If you have read the pr's it states the dead line is may 22,09.That should have told anyone this is going to be all over the board as the weeks go by.There are several runs left before the deal is approved by shareholders.The gamble is if they complete the deal.IMHO they will.
When you get the mailings or when they announce the shareholder meeting for the vote that is all I need as proof.Its clear even as the vote takes place we will not know who the buyer is.That is straight from the company.
If you invested in PGYC then you have to beleive in the CEO if not you should have never bought it in the first place except if you are a trading gambler.
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