Why offer a PP if it’s dead? Why go through the hassle of offering a PP if (say they are going to miss the filing deadline and it's not salvageable)? No one would participate or pay given the share price would plummet well before the PP closes (ps there's no deadline that I could see in the NR?). Is this a ploy to get $.05 shares for cheap and to keep the lights on at the same time? Good opportunity to buy cheap if you knew the upcoming news was going to skyrocket the share price. Would that even get approved?