Judge's ruling on HML for CatalystThis ruling by the Judge, while a little short of my call for an outright auction of HML, serves nearly as well. It did not hand HML to Melynk, but did not knock him out of running should he up his bid. So effectively it is now a two man race. Hopefully the HML shareholders may now see a small glimmer of light. The G&M offered that perhaps the two would now get together and share HML. I hope that does not happen, as then we are back to one bidder.
Unfortunately, in the short term, what is good for HML shareholders is bad for PLI shareholders, as this will undoubtedly extend by several months the uncertainty wrt to HML and further delay any royalty payments to PLI. However, in the long run this is favorable for PLI as well.
Since I have shres both in HML and PLI I am torn between what I actually want to happen in the short term, but I tend toward the long term view as good for both.