gump.....Is the proposed distro a reward for faithful longs or a sales pitch to draw in new share holders? Since it was back dated I say it was a reward. As far as those who sold after that date being angry, that is true, but how often have you bought something at retail price and have it go on sale the next day. Life is not always fair and if you know where we can buy a crystal ball please advise. The SEC did not look at the original S-1 piecemeal. If they had a problem with the date submitted it would have been flagged in the request for additional info which apparently it was not. No, the S-1 is not approved and time will tell if the S-1A is. Since there were no bombshells in the S-1A I predict a quick approval.