RE ELC - Management are honestIs it not at all possible that the management were blindsided by GSL? That by giving notice that they are filing for arbitration at the last moment, that they, GSL,knew that it will take at least 30 days for arbitration to be arranged and they therefore have the necessary 30 days for discussion before it would ever come to arbitration? If you look at their record, the management in their past have never been other then exemplary in their dealings and are honest people. They have brought 2 other companies to fruition with hefty profits to shareholders. What benefit was for them to lie in any case? They can't sell stock, they are closely watched for insider trading by the commission. If they would tell everyone that they are in a snag what of it to them? If the price dropped what of it to them personally or the company? If they worked it out before the deadline the stock goes up again, if they didn't work it out everyone knows about it anyways. No reason for them to lie and set themselves for a law suit. There is a lot of anger here from investors being caught unawares, and I feel for you, but that is the risk in arbitrage. but I disagree with you from all sides about the management. GSL dropped this at the last moment because they are very shrewd company and are hoping to squeeze CIC/JSW for money knowing that they are very anxious to get the deal closed and I bet you they will succeed, not because they have any real legal status but just to pay them off to get out of the way. Lots of luck to you all.