clear for nasdaq, page-35

Its arguable that maybe PRR should have explicitly said the reason for the change in reporting was for listing purpose, but to be fair, they may have considered it was the most logical if not inescapable inference to draw.

Also, they would have had to have qualify that it did not mean they were now necessarily about to list - it is still the SEC prerogative to ask a late question or require something else before approving the listing, even if on the day of PRR's announcement the SEC had no further query in mind. Why tempt fate?

If PRR hit a listing hurdle they can't cross, they would be compelled to announce it and unless they make such an announcement the reasonable inference to draw is that they have not.

In the meantime, a running commentary on questions and responses to and from the SEC is not going to materially alter anything and frankly would be irritating rather than illuminating.

As far as telling individual shareholders things which are merely consistent with the known state of affairs, this is actually a feature of PRR management that I like.