Your opinion is valuable. Petty said he would not R/S but then he said he would not dilute, either. Like 99% of all companies the wish, hope and plans of PR's are given but the embarrasing results, etc. are usually never admitted. All of FMNJ's PR's of good news had some progress and were attempted. They usually read like "we plan to" or are "getting close to", etc. Any difference between jaded wording and not telling the whole truth? Hardly. Truth is usually the first casualty in war and investing. Yet we are all still here and hope it will somehow come together. If it does, it will be because solid business practices finally win out over "project-jumping".