Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-58

I think its quite important for PDN to keep a hand on the LHM. It gives them that real-time leverage to the U market, that developers like AEE and BKY don't have. In essence it is PDN's competitive advantage as a stock.

Worst case is VA. Next worst is a fire sale of LHM, because it leaves PDN as a shadow of its former self.

If PDN's keep even just a minority stake in LHM, and wipes its short term obligations clear, this is definitely a stock I want some cash in. But this announcement breeds more uncertainty.

I could've easily been caught in this TH, having traded it heavily the past 4 months. Hopefully this is resolved sooner rather than later for the sake of holders that are currently exposed.