Ann: Quarterly Company Update, page-4

I think your criticism of the quarterly is perhaps a little harsh. The way I see it, the company is still in survival mode, so is sensibly playing its cards close to its vest.
Would have been great if we could have fina lised the recapitalisation transaction during the March quarter but unfortunately it wasn't to be.

What I do find a little curious is that PNC still hasn't announced anything in the regards to the Balbec portfolio.