RE: This stock is becoming a bit of a "DOG" I share your frustration. Of course it is the PP holding us back. Giving control of the company to a third party at a material discount to book value, and a fraction of intrinsic value all to move up the advancement of Mengapur by twelve months. What is holding up the PP? Well they are waiting on approval from the exchange. Why did the exchange not rubber stamp it? Probably letters asking them to inquire into it since it is either incredibly stupid (which is legal) or something nefarious (which is not legal).
Can someone provide a logical reason for the company to pursue the PP? If it needs funds it can raise them from existing shareholders or better yet just use the cash generated from operations. They no longer have the imminent deadline rationale, or the seller demands that we raise funds or he won't agree to sell Mengapur to us rationale, that was used as the basis for gaining shareholder approval.