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I've been with PEN since 2008 and have ridden the highs and lows, basically accumulating over time to a very significant holding. Since 2011 I took personal responsibility for off loading the PENOCs at a profit then buying heads at a discount, envisaging that the current scenario would arise. I never have expected management to be able to control all the variables or to save me at the last minute. It is all about risk and personal responsibility and I don't think some of the posts here recognise that there has been plenty of opportunity for holders to manage their PENOC exposure along the way. I remain very positive about this stock and am well positioned price wise as a consequence of taking advantage of the opportunities along the way. I am not visionary, just patient. Good luck comes from good planning - good luck to all holders.