Hey John, you are exactly right. Also never has a RS been announced, from any stock. You only hear about it after its been done. SG worries me a little cause he wants out of the pinks by the end of January, and we only have 3 options to do that.
1. The PPS runs up to allow it.
2. SG does a buyback or a suitable structuring of shares.
3. Yep, you guessed it. RS
Personally I favor 1 and 2, however at the rate this stock is presenting itself to stock buyers and the public, I can easily see how the pps can run. But that requires at least # 2.
GO $EEK