RE: PP Timing Hi Calabrese - Most of these PP's are filled by friends or friends of management or investors who are friends. What would they do without their friends, eh? All of them need to make $$$ just like you and me. They do take more risk than you or me as they can't sell for a stipulated period after issue date and not all PP's make money. Lots of examples around. I agree there is dilution but what if the money is required in order to get the licence in hand? Why don't you buy into the PP and wait for the stock to go up, like you say it will? Then you will make lots of money and be happy too? I'm content to wait and hold. All IMHO. Good luck to all and goooooooooo.....................EV.